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Google purchase of Twitch has been confirmed

Google purchase of Twitch tipped by source claiming the purchase cost big money (NASDAQ:GOOGL)
| Business, Financial & Legal News | Posted: Jul 25, 2014 5:02 pm

It has now been confirmed by a source that Google has signed a deal that sees it buying live streaming firm Twitch used by gamers all around the world. The confirmation comes from people who claim to be familiar with the deal, and according to the source, the transaction cost Google $1 billion.




It's unclear when the deal will be announced no confirmation form Google or Twitch has been made so far. Some analysts feel that the deal emphasizes the increasing appeal of watching live gaming as a competitive sport.


Reports indicated in the past that Google had made an all cash offer to buy Twitch. Google certainly has the money sitting in its coffers to make an all cash purchase. Twitch is a service that allows people to broadcast their game play live on the PC, Xbox One, and PS4.


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