Friday, April 23, 2021

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Facebook: Acquires Cloud Gaming Company PlayGiga

Facebook: Acquires Cloud Gaming Company PlayGiga

  • The deal confirmed via a tweet reportedly amounted to approx. €70m
  • The acquisition presumably enables Facebook to continue its expansion in the cloud sport streaming market
  • PlayGiga has also developed a cloud gaming platform through hybrid virtualization and baremetal technology
  • Cloud gaming refers to console quality games that streamed to devices connected to the Internet
  • Streaming technology and servers also allow games to played on any device without the need to download software
  • PlayGiga also had licensing agreements for more than 300 game titles with such publishers as WB, Disney and Sega

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