Google reportedly buying Twitch for $1 billion

twitch

Google is reportedly nearing a deal to acquire live video-streaming platform Twitch for $1 billion. The Wall Street Journal reports that the discussions are early and that “a deal isn’t imminent,” however Variety says that deal will close imminently. Variety also claims that the deal will be an all-cash offer. If the deal finalizes, it would boost the live-streaming section of the Google-owned YouTube.

Twitch was launched in 2011 and currently has more than 1 million unique users broadcasting on its platform every month. Sony’s PlayStation 4 and Microsoft’s Xbox One has got Twitch functionality integrated into. Having Twitch under its arms, YouTube can fill the gap in terms of live streaming and emerge even strongly. Spokespeople for both YouTube and Twitch has declined to comment.

SOURCE: Variety, The Wall Street Journal

Avatar
About Seena Ajith 278 Articles
Hi guys, I am a technology blog writer, started of my career as a coder. I like following all current trends in technology, but specifically my interest is to cover everything about mobile phones. When not in front of computer, I will be either cooking or playing with my kids.