Facebook buys video startup QuickFire

Social network operator Facebook Inc said it bought QuickFire Networks, a startup that helps view high-quality video with low bandwidth.

By:REUTERS
| Updated on: Jan 09 2015, 11:31 IST
image caption
image caption

Social network operator Facebook Inc said it bought QuickFire Networks, a startup that helps view high-quality video with low bandwidth.

QuickFire announced the acquisition on its blog on Thursday.

Facebook and QuickFire did not disclose the terms of the deal.

Facebook's acquisition of the video technology company comes a day after it said in a blog it averaged more than 1 billion video views every day since June 2014.

Follow HT Tech for the latest tech news and reviews , also keep up with us on Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 09 Jan, 11:27 IST
NEXT ARTICLE BEGINS