Report: Google Reaches Deal to Buy Twitch

July 24, 2014 - GamePolitics Staff

GamesBeat is reporting that Google has reached a deal to buy game-focused streaming service Twitch for $1 billion, according to "sources familiar with the matter." Rumors first surfaced about a possible all cash deal between Google and Twitch worth $1 billion back in May.

Google and Twitch declined comment on this story. The GamesBeat report goes on to say that "investors who participated in past rounds are pleased that they will be getting significant rounds that were multiple times the amount they original invested as a return."

Google’s YouTube division is reportedly in charge of the acquisition. Google acquired Internet video powerhouse YouTube in 2006 for $1.65 billion.

Twitch currently has more than 50 million monthly active users and more than 1.1 million members who broadcast video content each month.

Source: GamesBeat


Comments

Re: Report: Google Reaches Deal to Buy Twitch

How long before they shit up Twitch the way they shat up YouTube?

Re: Report: Google Reaches Deal to Buy Twitch

So you were using youtube before it was bought by google? And it was somehow better back then? Please tell.

Re: Report: Google Reaches Deal to Buy Twitch

DMCA take town in 3.....2....

Re: Report: Google Reaches Deal to Buy Twitch

It won't be DMCA takedowns, it will be ContentID takedowns and ad usurping.

Re: Report: Google Reaches Deal to Buy Twitch

ayup, and if that happens many a charity livestream will die.

Re: Report: Google Reaches Deal to Buy Twitch

regulators will not care because twitch and Youtube combine is only around 40 percent of streaming content Even though it is about 90 percent of user generated content. The FTC and FCC do not recognize different types of content.

Re: Report: Google Reaches Deal to But Twitch

Seriously, is Google just going to buy everything?

-Mrxknown_JG-

 
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