Facebook acquires cloud gaming service PlayGiga

Illustration by Alex Castro / The Verge

Facebook has acquired the Spanish cloud gaming company PlayGiga, which previously offered its services across Italy, Argentina, Chile, and Spain. The purchase was confirmed by Facebook to CNBC, following reports last week from Cinco Dias which claimed that the deal was imminent and was valued at €70 million (around $78 million).

In a tweet confirming the news, Facebook Gaming’s official twitter account said “We’re thrilled to welcome @PlayGigaOficial to the Facebook Gaming team. We’ll decline further c☁️mment for now.” A message on PlayGiga’s website says that the team is “moving on to something new” but confirmed that it would be continuing its work on cloud gaming.

We’re thrilled to welcome @PlayGigaOficial to the Facebook Gaming...

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