https://wccftech.com/facebook-acquires-game-streaming-company-playgiga-to-boost-cloud-vr-tech/

Facebook (NASDAQ:FB) has acquired PlayGiga, a Madrid-based company founded in 2013 that launched a cloud game streaming service available in a few countries such as Spain, Italy, Chile, Argentina, Qatar, and the United States. The company boasts to have patent-pending technology capable of streaming games from the cloud with ultra-low latency and compression.

The news report came from CNBC, though Facebook has since confirmed everything with the following tweet. Truth to be told, Spanish newspaper Cinco Dias was the first one to cover the upcoming acquisition; its sources mentioned a €70 million cost for Facebook.