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Google to acquire Twitch for $1 Billion US Dollars!

#1SolnotPosted 7/24/2014 2:35:34 PM

Google is buying streaming video network Twitch for $1 billion, according to a GamesBeat report citing "sources familiar with the matter."

GamesBeat's story today echoes a previous report from Variety, which said this past May that the acquisition was taking place. However, the Wall Street Journal reported at the time that the discussions between Google and Twitch were "at an early stage."

Twitch, which was launched in 2011 by co-founders Justin Kan and Emmett Shear, is the internet's foremost destination for livestreams of video games, including eSports titles. According to Twitch, more than 50 million people watch video on the service every month. Both the PlayStation 4 and Xbox One allow users to broadcast gameplay directly to Twitch and other sites, and Twitch users can watch video and chat with others on the web and through apps on a bevy of platforms.

Google already owns the web's largest streaming video platform, YouTube, which it acquired in November 2006 for $1.65 billion.

A Twitch representative declined comment to Polygon. We've also reached out to Google, and we will update this article with any information we receive. For more on Twitch, check out our feature on its history.
#2TheCommunatorPosted 7/24/2014 2:36:20 PM
RIP in peace
#3Jeffw88Posted 7/24/2014 2:37:34 PM
TheCommunator posted...
RIP in peace


Rest in Peace in peace indeed
Just because you think it is right, it doesn't make it right for everyone. Even you.
You're being trolled only if you let them.
#4thasnipermasterPosted 7/24/2014 2:37:38 PM
nooooooooooooooo f*** no.
Im opposite of a care bear
#5MonkeymagePosted 7/24/2014 2:37:39 PM
To use chat function, sign in with Google+
7.3 GHz Intel i9 7770k "Hollow Tree" / 64GB TDR4 RAM / GTX Titan 5 GK330 "Daghlian" Chipset, Dodeca-SLI
#6ChromaticAngelPosted 7/24/2014 2:37:43 PM
RIP Twitch
RPG Spotlight: Divinity: Original Sin
Short Summary:
#7MonkeymagePosted 7/24/2014 2:38:27 PM
You are signed in as LoLzinatorButtButt2871, would you like to use your real name?
7.3 GHz Intel i9 7770k "Hollow Tree" / 64GB TDR4 RAM / GTX Titan 5 GK330 "Daghlian" Chipset, Dodeca-SLI
#8InterfusorPosted 7/24/2014 2:38:40 PM

I only wish Google had been the ones who bought Oculus.
I am not economically viable.
#9KillerTrufflePosted 7/24/2014 2:42:02 PM
This will not end well.
"How do I get rid of a Trojan Horse?" -Sailor_Kakashi
"Leave it outside the gates of Troy overnight." -Davel23
#10SleepComaPosted 7/24/2014 2:42:55 PM
Google just sucking everything up.