Technology content trusted in North America and globally since 1999
8,494 Reviews & Articles | 65,531 News Posts

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

By Anthony Garreffa from May 18, 2014 @ 18:03 CDT

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.

youtube_to_acquire_twitch_in_a_deal_worth_1_billion_06

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 SOURCES:Variety.com


Related Tags

PRICING: You can find products similar to this one for sale below.

USUnited States: Find other tech and computer products like this over at Amazon.com

UKUnited Kingdom: Find other tech and computer products like this over at Amazon.co.uk

AUAustralia: Find other tech and computer products like this over at Amazon.com.au

CACanada: Find other tech and computer products like this over at Amazon.ca

DEDeutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de