Facebook buys video startup QuickFire

Facebook and QuickFire did not disclose the terms of the deal.

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.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.