Facebook has announced the acquisition of a gaming startup, marking a significant expansion of the company's gaming services. The acquisition will see Facebook gain access to a range of new gaming technologies, including cloud-based gaming and virtual reality.
Background
Facebook has been investing heavily in gaming in recent years, with the company launching a range of new gaming services, including Facebook Gaming and Oculus. The acquisition is designed to help Facebook expand its market share in the gaming industry.
Facebook has invested $1 billion in the acquisition, with plans to expand its gaming services to over 100 countries in the next year.
'We're excited to bring this new technology to our gaming services,' said a Facebook spokesperson.