1/7
"Excited to officially
welcome @periscopeco to the Twitter team. Can't wait for everyone to see what
they've built!" tweeted Twitter product vice president Kevin Weil.
In This Pic : Twitter buys video streaming app Periscope
Pic Courtesy : Getty Images
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2/7
Twitter did not release details
about the deal, but media reports said Twitter was paying between $50 million
and $100 million for the app, which is still in the testing phase and has only
been available by invitation.
In This Pic : Twitter buys video streaming app Periscope
Pic Courtesy : Getty Images
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3/7
The news comes amid growing
interest in live video sharing, and a rush of users to another streaming app
called Meerkat, described by news website The Verge as "a sensation on
Twitter."
In This Pic : Twitter buys video streaming app Periscope
Pic Courtesy : Getty Images
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4/7
It was not immediately clear if
Twitter would maintain Periscope as an independent app or integrate it into the
messaging platform.
In This Pic : Twitter buys video streaming app Periscope
Pic Courtesy : Getty Images
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5/7
Twitter declined to comment on
its plans.
In This Pic : Twitter buys video streaming app Periscope
Pic Courtesy : Getty Images
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