Twitter has acquired yet-to-be-launched livestreaming app Periscope for an undisclosed amount, reports TechCrunch. There is no clarity regarding the deal value at present, though it's believed to be a cash plus stock deal. It seems the deal had been closed in January and only now has it been announced officially. The TC report also mentions that Periscope is expected to be launched as a separate app, and will allow users to watch both live and previously broadcasted videos. Periscope's features are likely to be directly integrated into Twitter's timeline, just like Vine videos. This will give it a clear visual advantage over other livestreaming apps, like Meerkat which recently burst onto the scene. Note that this isn't the first time Twitter has acquired a pre-launch mobile video startup. It had bought the short-form video sharing app Vine in October 2012, while it was still in closed beta. You may have heard some news: It involves a blue bird. #YouCanGuessTheRest #WeJoinedTheFlockInJanuary #AreWeUsingThisRight #IsThisThingOn — Periscope (@periscopeco) March 13, 2015 Excited to officially welcome @periscopeco to the Twitter team. Can't wait for everyone to see what they've built! https://t.co/6eAJjpXmaS — Kevin Weil (@kevinweil) March 13, 2015 Twitter seems to be increasingly focusing on video: It had introduced a video capture & share feature on its platform a couple of months back, which allows users to capture, edit and upload clips of up to 30 seconds on their timeline. Users also have the option of previewing the recorded video before posting. Twitter…
