Facebook buys video startup QuickFire
By Reuters
Jan 08, 2015 10:30 PM EST
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Jan 08, 2015 10:30 PM EST
Social network operator Facebook Inc said it bought QuickFire Networks, a startup that helps view high-quality video with low bandwidth.
QuickFire announced the acquisition on its blog on Thursday.
Facebook and QuickFire did not disclose the terms of the deal.
Facebook's acquisition of the video technology company comes a day after it said in a blog it averaged more than 1 billion video views every day since June 2014.
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