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

Anthony Garreffa | May 18, 2014 at 6:03 pm CDT (0 mins, 35 secs time to read)

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 | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:45 am CDT

NEWS SOURCE:variety.com

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.