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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
| Updated on: Jan 09 2015, 11:31 IST
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.
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First Published Date: 09 Jan, 11:27 IST
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