Skip to main content [aditude-amp id="stickyleaderboard" targeting='{"env":"staging","page_type":"article","post_id":1676104,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,media,mobile,social,","session":"C"}']

Twitter reportedly buys streaming video app Periscope

Twitter has reportedly bought Periscope, a live streaming app.

Image Credit: Screen shot by VentureBeat

Even as the live streaming app Meerkat has taken Twitter by storm, Twitter may have pre-emptively acquired Periscope, a rival streaming video app that’s currently in closed beta.

According to Business Insider, Twitter bought Periscope last month for at least $50 million. TechCrunch had previously reported on acquisition talks between the two companies.

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1676104,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,media,mobile,social,","session":"C"}']

A Twitter spokesperson said the company doesn’t comment on rumors.

Periscope uses the tagline “Explore the world through someone else’s eyes.” And while it’s not entirely clear what that means, it seems likely that it is a live streaming service that could compete directly with Meerkat, which itself launched at the end of February.

AI Weekly

The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.

Included with VentureBeat Insider and VentureBeat VIP memberships.

 

 

 

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More