Playgiga: Facebook just bought a cloud gaming service

Facebook this week revealed it'd acquired PlayGiga, a Spanish cloud gaming service. What they plan to do with it is anyone's guess. PlayGiga is a Madrid-based company that purports to have "a cost-effective cloud gaming solution with excellent user experience, latency reduced to less than 30ms and an ever-growing games catalogue with injection of new titles in less than two weeks." According to Variety, it functioned in Italy, Argentina, Chile and Spain. Rumors of a $78 million price for the company surfaced last week from Cinco Dias, and a spokesperson later confirmed the purchase (though not the price) to CNBC. A...This story continues at The Next WebOr just read more coverage about: Facebook