Microsoft Is Shutting Down Its Twitch Competitor and Partnering With Facebook Gaming

Microsoft (NASDAQ: MSFT) announced on Monday that it will shut down its Mixer platform for gaming content streaming on July 22. The company paired the announcement with news of an expanded partnership with Facebook (NASDAQ: FB). 

Mixer users will have the option to transfer their accounts to Facebook Gaming and continue streaming on that platform with the same partner and monetization statuses. While Microsoft appears to have given up on its ambitions in the space, Facebook apparently sees value in bridging Mixer's streamers and viewers to its ecosystem. 

Image source: Facebook. 

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Source Fool.com