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YouTube reportedly in talks to buy Twitch for $1 billion

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Google x Twitch

Google buying Twitch. Well, that's one way to scale. Sources with Variety say that Google's YouTube is working to acquire the streaming video site for "more than $1 billion" and preparing for U.S. regulators to challenge the buyout. Other outlets have heard similar reports, though there's been conflicting information about when the deal will be announced.

The Verge reports that YouTube and Twitch have agreed to the billion-dollar figure and, currently, talks are concerned with things like how independent the company and brand will remain post-acquisition. Reportedly, Twitch heard bids from other companies, including Microsoft, but felt YouTube would best meet its needs going forward.

Frankly, a billion is lower than I would've expected considering Twitch's growth these last few years. It's a good deal for Google. Will it be good for current streamers? I'm not exactly optimistic.

YouTube to Acquire Videogame-Streaming Service Twitch for $1 Billion: Sources [Variety]
Twitch chooses Google over Microsoft amid multiple buyout offers [The Verge]


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Jordan DevoreCo-EIC // Profile & Disclosures
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Jordan is a founding member of Destructoid and poster of seemingly random pictures. They are anything but random. Disclosure: I backed Double Fine Adventure and Awesomenauts: Starstorm on Kickst... more


 



#Google #Industry Bull #Mergers and Acquisitions #Twitch.tv #YouTube
 
 


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