Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Twitter Acquires Video Streaming App Periscope

Twitter (NYSE: TWTR) recently acquired mobile video streaming startup Periscope, according to Business Insider, in a deal ranging anywhere from $50 million to $100 million. Business Insider further reported they could not confirm the makeup of the deal, in terms of cash vs. stock.

The Verge commenter Kirielson said:

“It’s done unless Facebook gets them.”

The Verge commenter Garredow said:

“Welp, at least they got a few hours of attention. I’d hate to be the creator right about now. :/”