Facebook sets its sight on cloud gaming, acquires Madrid-based PlayGiga

Looks like Facebook also wants a piece of the cloud gaming cake. It has acquired Spanish gaming company PlayGiga that is primarily a cloud gaming service.The details come from a CNBC report and the deal is said to have been made for approximately...

Facebook sets its sight on cloud gaming, acquires Madrid-based PlayGiga

Looks like Facebook also wants a piece of the cloud gaming cake. It has acquired Spanish gaming company PlayGiga that is primarily a cloud gaming service.

The facebook gaming booth is shown at E3, the world's largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake - RC1AAF6CE030

The details come from a CNBC report and the deal is said to have been made for approximately $78 million. It was earlier reported by Spanish publication Cinco Días including the price. Facebook has now officially announced the acquisition on its social media accounts. PlayGiga also posted an announcement on its website.