Sunday, November 1, 2020
Home Lead Story Facebook Acquires Spanish Video Gaming Firm 'PlayGiga'

Facebook Acquires Spanish Video Gaming Firm ‘PlayGiga’

Cloud-based gaming is the new livestreaming trend after music and video. One big advantage of cloud gaming over the traditional one is lower cost of setup which can be played on smartphones, tablets, PCs and even TV

In a bid to gain footprint into Cloud game streaming market, Facebook has acquired Spanish video gaming firm PlayGiga.

According to a CNBC report, the acquisition comes at a time when tech giants like Apple and Google have rolled out Cloud video game streaming services like Arcade and Stadia.

Microsoft has also previewed its xCloud game streaming service.

A Spanish business newspaper Cinco Dias claimed that Facebook acquired PlayGiga for about $78 million.

“We’re thrilled to welcome PlayGiga to the Facebook Gaming team,” a Facebook spokesperson was quoted as saying on Wednesday.

Social Media, Facebook, Authenticity, Posts
The social media application, Facebook is displayed on Apple’s App Store, July 30, 2019. VOA

PlayGiga was founded in 2013.

“We are excited to announce that the PlayGiga team is moving on to something new. We are continuing our work in cloud gaming, now with a new mission. We want to thank all of our partners and customers for their support over the years,” the company wrote on its website.

Facebook acquired VR headset maker Oculus for $2 billion in 2014. The social networking giant has also launched Facebook Gaming — a live-stream service that allows users to share their gameplay.

Also Read: Infosys Launches Blockchain-powered Apps in 3 Verticals

The arrival of Cloud-based game streaming services like Apple Arcade, Google Stadia and the upcoming Microsoft XCloud is all set to change the way people play games, threatening the very survival of traditional gaming industry ruled by consoles like Microsoft Xbox and Sony PlayStation.

Cloud-based gaming is the new livestreaming trend after music and video. One big advantage of cloud gaming over the traditional one is lower cost of setup which can be played on smartphones, tablets, PCs and even TV. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,778FollowersFollow

Most Popular

Tulsi Kumar: How Lockdown Uplifted Independent Music

Singer Tulsi Kumar feels lockdown has been a blessing in disguise for independent music. She adds that the genre is here to stay because...

Social Isolation Causes Higher Risks of Hypertension in Women

Middle-aged and older women who lacked social ties were much more likely than men to suffer from hypertension and stroke, warn researchers. In a study,...

Meditation and Yoga Emerged as Top Activities During Pandemic

In the pandemic times, meditation and yoga have emerged as top health activities among people in India, a global study by wearable brand Fitbit...

Natural Antioxidants Keep Heart Healthy During COVID and Winter

In view of the winter season and COVID-19 pandemic, health experts on Saturday said that taking natural antioxidants may help keep the heart healthy...

Living Near Green Spaces May Lower the Rate of Smoking

If you want to quit smoking, read on. Researchers have found that living near green spaces or neighborhoods was linked to lower rates of...

Scientists Develop Coating to Get Rid of Smell Feet

Researchers have shown that socks coated in zinc oxide nanoparticles (ZnO-NPs) can prevent foot odor and bacterial infection causing smelly feet, reducing the negative...

Sleep Deprivation Might Effect Your Heart Health

The pandemic brought with it a new normal that came with its own consequences. The social distancing, erratic work hours, and the stress of...

Hospital Floors Being Main Place of Bacteria Accumulation

The floors of hospital rooms are quickly and frequently contaminated with antibiotic-resistant bacteria within hours of patient admission, creating a route of transfer of...

Recent Comments