Twitter was recently reported to be in talks to purchase
live video
streaming app Periscope, which is yet-to-be-launched.
The Wall Street Journal (paywall) on Monday in a report
has claimed that the micro-blogging website has quietly acquired the
app, citing people familiar with the matter. The report stresses that
Twitter's acquisition of the live video streaming Periscope app is
"confirmed." It adds that Twitter paid slightly less than $100 million
for the Periscope app, which is still in beta testing.
Another
report
by Business Insider also corroborates to the claims of the Twitter
acquisition of Periscope. It however adds that the deal was closed for
weeks and quotes one investor who claimed that the acquisition amount
was "sizeable" while another investor claims it was "small-ish."
So far, there has been no announcement from either Twitter or Periscope about any acquisition.
The
Periscope live video streaming app is similar to Meerkat, a start-up
that in the recent past has garnered much interest across the Web. The
Meerkat app allows Twitter users to share video streams in real time.
The stream can be triggered with a link in tweet or by a notification to
Twitter followers who use the Meerkat app. Anyone can see the live
stream through the Web or Meerkat app. Viewers can simply comment with
sending Twitter @ replies. The streamed video disappears like Snapchat,
unless users save it at their end.
A report from last week even
speculated
about possible acquisition of Meerkat, due to its recent popularity,
alongside Periscope. Twitter earlier this month allowed video embed for
tweets and embeddable video widget for websites.
The reports about
acquisition of live video streaming Periscope app may also tie-in with
Twitter's announcements on the native video sharing support. In January,
the company added
feature to share videos of about 30-seconds or less in length.
Apple Planning to Upgrade Its Health App, Add an AI-Powered Doctor for Recommendations: Mark Gurman1 April 2025
Search
![Gadgets 360 With Technical Guruji: News of the Week [March 29, 2025]](https://c.ndtvimg.com/2025-03/9cu1890s_news-of-the-week_160x120_29_March_25.jpg?downsize=180:*)
