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
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.
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.
- >> NEXT STORY: Godzilla 2 announced after massive first weekend for Godzilla
- << PREVIOUS STORY: Largest mobile phone threats: Malware, lost devices, insecure Wi-Fi
Related Tags
PRICING: You can find products similar to this one for sale below.
United States: Find other tech and computer products like this over at Amazon.com
United Kingdom: Find other tech and computer products like this over at Amazon.co.uk
Australia: Find other tech and computer products like this over at Amazon.com.au
Canada: Find other tech and computer products like this over at Amazon.ca
Deutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de