Facebook has acquired Spanish cloud gaming startup PlayGiga. The deal has been finalized in $78 million. Facebook confirmed the news on Twitter by its Facebook Gaming account (@facebookgaming).
We’re thrilled to welcome @PlayGigaOficial to the Facebook Gaming team. We’ll decline further c☁️mment for now.
— ⛄️ Facebook Gaming 🎁 (@FacebookGaming) December 18, 2019
“We are excited to announce that the PlayGiga team is moving on to something new,” the company says on the main page of its website. “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 acquisition will help to launch its own cloud-based gaming platform and compete with the likes of Google Stadia and Microsoft Xcloud. From past few years, Facebook is trying to expand its gaming market. Last year it launched a gaming streaming app.
PlayGiga was founded in 2013. It offers its services in Sweden, Argentina Chile, Spain, Austria, the Netherlands, and Guatemala. Its game library includes more than 300 games.