petmax2020:

Microsoft Xbox team announced on Thursday it acquired Beam, an interactive livestreaming platform for gamers.

18-year-old Matt Salsamendi launched his Seattle-based startup, which has 24 employees just 8 months ago. The terms of the deal have not been disclosed.

The move will support Microsoft's growth strategy around Xbox Live, one of the world's most popular social gaming platforms. The tech giant said in a blog post it is excited about Beam's ability to converge "playing and watching" and it will help make Xbox Live "more social and fun."

The lanky, articulate teen, first attracted attention after presenting Beam onstage at TechCrunch Disrupt's Startup Battlefield competition in May. He explained "traditional platforms don't provide any way for viewers to participate."

READ MORE http://www.petmaxflame.com/2016/08/microsoft-acquires-gaming-startup-run.html