Twitter Acquires Live Streaming App Periscope

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Twitter seems quite interested in enhancing users’ live video experience on its platform. The company has announced today that it has acquired the video streaming app Periscope to add more to the users’ live video sharing experience.

Twitter Acquires Live-streaming App Periscope

 Twitter product vice president Kevin Weil tweeted:

 “Excited to officially welcome @periscopeco to the Twitter team. Can’t wait for everyone to see what they’ve built!” tweeted Twitter product vice president Kevin Weil.

The details of the deal and the amount paid are yet to be disclosed. However, if certain news reports are to be believed, Twitter has paid an amount between $50 million and $100 million for the app. The app Periscope is still in the testing phase and will only be available by invitation.

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It’s interesting to watch whether Twitter would treat the app as an independent entity or will be integrating it into the messaging platform. Twitter made no comments on these advancements.

-Twitter Acquires Live Streaming App Periscope

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