Facebook is expanding its gaming efforts and owning PlayGiga, a startup that runs a cloud gaming service in parts of Europe and the Middle East. A report on the deal was published by business publisher Cinco Dias, which confirmed the purchase of social network Engadget. Although the tech giant did not specify the terms of the acquisition, Cinco Diaz reported that the deal would cost Facebook 70 million euros (US $ 78 million).
It looks like Facebook is working on a new vision for its gaming products. This company may not be a huge player in the gaming industry, but it has invested a ton in its gaming products over the years.
Now, Facebook has acquired Spanish cloud video gaming company Plaziga to further expand its gaming efforts. The company confirmed the purchase to CNBC, however declined to divulge any details of the acquisition.
Facebook is rumored to have acquired Spanish business newspaper Cinco Dias Plaziga last week. The purchase cost Facebook about 70 70 million.
Plagega previously ran a cloud gaming service in Europe after its founding in 2013, although the company’s service failed to gain any traction. “We are pleased to announce that the team is going to innovate. We are now continuing our work on cloud gaming with a new mission. We are grateful to all our partners and customers for their support over the years,” said Playa on its website.
With the purchase of Plague, Facebook may try to get into the cloud game streaming market. With all the big tech companies coming into the game streaming war, it is not surprising to see others like Facebook and Amazon join. At the moment, Facebook is not sure what it wants to do with the Tech of Tech.
*from various sources.