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Twitter Buys Video Streaming App Periscope, According to Periscope

Live video streaming startup Periscope confirmed it was acquired by Twitter in a tweet on Friday. The startup said it joined Twitter back in January. Re/code reported it was acquired earlier this week. Periscope is still in beta, and it’s unclear as of now if Twitter plans to build the technology into the Twitter app or leave Periscope as a standalone product like it did with Vine two years ago. Another live steaming video app, Meerkat, has been all the rage in the tech world for the past two weeks.

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