Twitch, the live streaming video platform has acquired Bebo. Through the acquisition, Twitch has picked up both the 10-person staff and IP of the social network turned esports company.
The esports-focused chapter of Bebo’s legacy is what Twitch is interested in. The company has been building up its own esports event presence through its Twitch Rivals series, and its acquisition of Bebo serves to further those efforts.
Bebo got its start in 2005 as a MySpace and Facebook competitor but, after a turbulent run that included multiple acquisitions and an eventual bankruptcy, rebranded itself as a streaming service provider similar to an esports-focused Xsplit, and then moved into organising esports tournaments for live streams.