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Facebook buys video startup QuickFire

Published 08/01/2015, 23:25
Updated 08/01/2015, 23:30
© Reuters. A Facebook logo reflected in the eye of a woman is seen in this picture illustration
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(Reuters) - Social network operator Facebook Inc (O:FB) 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.

© Reuters. A Facebook logo reflected in the eye of a woman is seen in this picture illustration

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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