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Vidpresso becomes part of Facebook

Vidpresso Inc., a startup focused on helping broadcasters stream videos to Facebook Live and other social platforms, is now part of Facebook Inc., according to an Aug. 13 post on the startup's website.

"By joining Facebook we'll be able to offer our tools to a much broader audience than just our A-list publishing partners," Vidpresso said. "Eventually, it'll allow us to put these tools in the hands of creators, so they can focus on their content, and have it look great, without spending lots of time or money to do so."

TechCrunch.com reported that Facebook acquired the company's technology and seven-person team but did not provide any other financial details.

Current Vidpresso customers will continue to be able to use its product following the startup's transition to Facebook.