In a bid to acquire footprint into cloud-centered activity streaming industry, Fb has acquired Spanish video clip gaming company PlayGiga.

In accordance to a CNBC report, the acquisition arrives at a time when tech giants like Apple and Google have rolled out cloud-based video match streaming companies like Apple Arcade and Google Stadia.

Microsoft has also previewed its xCloud video game streaming assistance.

A Spanish enterprise newspaper Cinco Dias claimed that Fb obtained PlayGiga for about $78 million (roughly Rs. 554 crores).

“We are thrilled to welcome PlayGiga to the Facebook Gaming crew,” a Fb spokesperson was quoted as expressing on Wednesday.

PlayGiga was started in 2013.

“We are enthusiastic to announce that the PlayGiga group is transferring on to something new. We are continuing our function in cloud gaming, now with a new mission. We want to thank all of our partners and consumers for their support in excess of the a long time,” the firm wrote on its website.

Facebook acquired VR headset maker Oculus for $2 billion (approximately Rs. 14,210 crores) in 2014. The social networking huge has also launched Fb Gaming – a reside-stream company that allows end users to share their gameplay.

The arrival of Cloud-based mostly game streaming products and services like Apple Arcade, Google Stadia and the upcoming Microsoft xCloud is all set to alter the way folks participate in online games, threatening the very survival of standard gaming marketplace dominated by consoles like Microsoft Xbox and Sony PlayStation.

Cloud-based mostly gaming is the new livestreaming development following audio and video clip. 1 major edge of cloud gaming more than the conventional 1 is lessen charge of setup which can be performed on smartphones, tablets, PCs and even Tv set.