Twitter reportedly acquires Periscope, an app for broadcasting live video
This morning we told you about Meerkat, the video streaming service that blew up last week. The app is a dead-simple way to broadcast from a mobile device that piggybacked on Twitter’s social graph to help users find an audience. It seems like Twitter had a similar idea. Business Insider is reporting that last month, Twitter acquired Periscope, a yet-to-launch streaming video service with a nearly identical use case.
Source:: The Verge