Twitter Acquires Periscope

PeriscopeTwitter (NYSE: TWTR) acquired Periscope, a developer of a livestreaming app.

The amount of the deal, which closed in January, was not disclosed.

As announced on Twitter by Kevin Weil, VP of Product at Twitter, Periscope’s team is already working on unannounced project

Co-Founded by Kayvon Beykpour and Joe Bernstein, Twitter the company is currently expanding the beta.

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