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Facebook buys cloud gaming company PlayGiga for $78M

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Facebook buys cloud gaming company PlayGiga for $78M

Facebook Inc. today said it has acquired Spanish cloud gaming company PlayGiga for about €70 million ($78 million) as it looks to expand into the gaming market.

Axar.az reports citing Siliconangle that founded in 2013, PlayGiga offers a premium streaming game service that works on both Windows and macOS computers as well as some smart televisions.

Customers sign up for a subscription, which gives them access to more than 300 games licensed from Sega Games Co. Ltd., The Walt Disney Co., Capcom Co. Ltd., Warner Bros. Entertainment Inc., Plug In Digital and others.

Prior to the acquisition, PlayGiga had raised €5 million ($5.56 million) in venture capital funding. Investors included Adara, Bankinter, Inveready and Caixa Capital Risc.

Date
2019.12.19 / 13:12
Author
Axar.az
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