Twitter confirms The Acquisition Of Periscope Live Video Streaming App

Periscope, the live video streaming app which is still in beta testing, late last week confirmed its Twitter acquisition.

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The live video streaming app in a tweet confirmed the news and also revealed that it joined Twitter back in January, which is in-line with an earlier report that stressed that the deal was closed for weeks. Kevin Weil, VP of Product at Twitter, in another tweet welcomed Periscope to Twitter. He said, “Excited to officially welcome @periscopeco to the Twitter team. Can’t wait for everyone to see what they’ve built!”The Periscope live video streaming app is similar to Meerkat, a startup that in the recent past has garnered much interest across the Web. The Meerkat live video streaming app is now available to download from App Store and it integrates with Twitter to allow users to launch live video streams.A recent report even speculated about the possible acquisition of Meerkat, due to its recent popularity, by Twitter alongside Periscope. Twitter earlier this month allowed video embed for tweets and embeddable video widget for websites.

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