Twitter reportedly buys Periscope, a live streaming app

Twitter2

Twitter may be getting into live videos with the help of an acquisition — just not the one you might think.


The social network has reportedly completed a deal to acquire Periscope, a startup still in beta that promises to let users "explore the world in real time through someone else's eyes." The acquisition was reported on Monday by Business Insider and Re/code , with both reports citing a source familiar with the deal.



A rep for Twitter did not immediately respond to Mashable's request for comment.


Rumor of the deal was first reported last week by TechCrunch, which quoted one source as saying the price tag could be as high as $100 millionBusiness Insider similar cites sources saying the deal could be as high as that amount, though the price range cited is very broad Read more...


More about Twitter, Acquisitions, and Business
Previous
Next Post »