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YouTube to acquire Twitch in a deal worth $1 billion

Google and YouTube to buy Twitch for $1 billion, would be YouTube's biggest deal yet

| BREAKING STORY News | Posted: May 18, 2014 11:03 pm

According to sources familiar with the deal, YouTube (which is owned by Google) is buying Twitch for over $1 billion. The acquisition is an all-cash deal, which should be officially announced any minute now.

 

TweakTown image news/3/7/37802_06_youtube_to_acquire_twitch_in_a_deal_worth_1_billion.jpg

 

Considering Google purchased YouTube back in 2006 for $1.65 billion, this is a huge deal for both YouTube and Twitch. For those who aren't familiar with what Twitch does, it is a San Francisco-based company that streams video games online for millions of users. Twitch has a reported 45 million monthly users, with over 1 million members who upload videos each month.

 

Twitch has deals with Microsoft and Sony for streaming content to its next-gen consoles, as well as distribution partners in CBS Interactive's GameSpot, Joystiq and Destructoid.

NEWS SOURCE
Variety.com

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