Twitter confirms acquisition of Periscope

Twitter officially confirmed today its acquisition of the live streaming app Periscope, which had closed in January for $100 million. Twitter’s Vice President for product, Kevin Weil, made the announcement via the social networking site.

As mentioned in Wednesday’s blog post, Twitter made the acquisition as Periscope continues testing in beta mode. It is unclear when it would be released to the public, but it could have implications on news organizations and their interaction with audiences on social media, as audience feedback is a strong component of the app, according to this report from the technology news web site TechCrunch. Comments can be posted on a stream, which would be seen by viewers of the stream and the broadcaster itself, the report adds.

The TechCrunch report adds that Periscope will be launched as a separate app from Twitter, with the ability to watch live and previously broadcast streams.

Alex Veeneman is a Chicago based SPJ member who is chairman of SPJ Digital and the community coordinator for SPJ. Veeneman serves as Deputy Editor, Media Editor and contributing writer to Kettle Magazine, an online publication based in the UK. You can interact with Veeneman on Twitter here.

This post was amended at 5:26 pm Central time to correct the date of the mentioned blog post.

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