Twitter is reportedly in talks to acquire live streaming app Periscope. The app essentially lets users live stream and broadcast videos live seamlessly on Twitter. As per TechCrunch s sources, the deal could be worth $100 million, but there are reports that contradict the figure and say that the company is going to sell way below the numberThe publication further claims that talks are at a relatively early stage, and it might take Twitter sometime before it completes the acquisition. Periscope is built on the same lines as Meerkat, and in essence lets users broadcast live video from wherever they are and allow people to watch it. Also Read - Explained: Can Twitter get banned in India?Also Read - Twitter vs government: Twitter India loses legal protection for not complying with IT rules on time
Periscope will also let users broadcast certain personal events to their family member or a small group of people imparting functionality similar to Facetime. The application will deliver a much informal way of broadcasting events to the users and yet remains highly intuitive. Chances are that Twitter might also benefit from the fact that if this application attracts a sizeable crowd than it will also bring new users to the Twitter platform, something that the company has been struggling to do. Also Read - Twitter friends/followers seeking your unwanted attention could be Unmentioned
The advent of smartphones and the fast 4G LTE networks will only make the path much easier for the application to gain traction. Twitter is also known for its transparency in many sensitive events and the Periscope might very well become the best tool for people to express themselves without any barriers or restrictions. Twitter recently announced a new official WordPress plugin that would generate instant cards for the readers and facilitate interaction in a more intuitive manner.