Facebook Acquires Cloud Gaming Startup PlayGiga

guest · Dec 19, 2019

Facebook Acquires Cloud Gaming Startup PlayGiga
December 18, 2019
https://variety.com/2019/digital/news/facebook-acquires-cloud-gaming-startup-playgiga-1203448090/

Facebook has acquired the Spanish cloud gaming startup PlayGiga, according to reports from CNBC and Spanish business newspaper Cinco Dias. The social media giant reportedly spent €70 million (around $78 million) for the startup.

Facebook confirmed the acquisition Wednesday afternoon. “We’re thrilled to welcome PlayGiga to the Facebook Gaming team,” A Facebook spokesperson told Variety, adding cheekily: “We’ll decline further cmment for now.”
“We are excited to announce that the PlayGiga team is moving on to something new,” PlayGiga said on its website. “We are continuing our work in cloud gaming, now with a new mission.”

PlayGiga was operating cloud gaming services in Italy, Argentina, Chile and Spain, and was aiming to launch in the Middle East soon. It had also run proof-of-concept tests in Sweden, Austria, the Netherlands and Guatemala, according to its website. The company had struck licensing agreements for more than 300 game titles with notable publishers, including WB, Disney and Sega.
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Google recently launched its own cloud gaming service [...] Nvidia has been operating its own Geforce Now cloud gaming service since 2013.
Facebook’s acquisition of PlayGiga could be seen as a sign that the social media giant may want to launch its own cloud gaming service as well.
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Facebook Acquires Cloud Gaming Startup PlayGiga

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