Google reportedly acquires streaming video giant Twitch for $1 billion

Google Twitch Acquisition

Following several reports that the two were in talks, Google has reportedly reached a deal to acquire streaming video giant Twitch for approximately $1 billion. With more than 50 million monthly active users, Twitch is a wildly popular service that allows gamers to stream live video of themselves as well as live feeds of whatever video games they might be playing. Venturebeat reports that Google’s YouTube division is in charge of the deal and will presumably oversee Twitch in some capacity moving forward. Google has not yet confirmed the acquisition.

Source:
Venturebeat
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