Facebook acquires 'SportStream' in real-time content race with Twitter

Social-network giant Facebook has acquired social startup SportStream in a bid to compete with Twitter as a source of real-time information and conversation around major events.

SportStream, launched in June 2012 and owned by entrepreneur Paul Allen, aggregates social chatter and updates in a personalized social feed for sports fans, Mashable reports.

According to the report, the SportsBase platform lets media partners, including teams, leagues, individual athletes, and media outlets, create their own social media-fueled experiences, both for fans and for their own insight.