Facebook has acquired the Spanish cloud gaming company PlayGiga, which previously offered its services across Italy, Argentina, Chile, and Spain. The purchase was confirmed by Facebook to CNBC, following reports last week from Cinco Dias which claimed that the deal was imminent and was valued at €70 million (around $78 million).
Gaming has been an increasing focus for Facebook in recent years. Back in March, the company added a "Gaming" section to its navigation bar, which brought together its Twitch-like streaming service Facebook Gaming, as well as its collection of web-based Instant Games. It has also had a keen interest in VR gaming ever since its acquisition of Oculus in 2014, and last month acquired Beat Studios, the developer behind Beat Saber. The company recently claimed over 700 million of its users engage with Facebook's gaming content each month.