Google Is Near Twitch Acquisition for $1 billion

Talks between Google and Twitch were underway for an acquisition or merger of Twitch with YouTube. These talks had been going on for a while and then it seemed that the talks had stopped or slowed down considerably.

Reports are now confirming the fact that Google and Twitch have come to an agreement on the matter. It seems that Google has agreed to pay them $1 billion but its unclear what this merger will exactly mean for the site.

We still don’t know if this is the exact price or when this news will be officially announced but we do know that the guys who run Twitch are happy that they will be able to make a lot more money than they invested into their site.

Google even tried to deny any rumors about the deal. That is why its even more of a surprise that it is settled now.

For those who don’t know, Twitch is a video streaming service dedicated to gamers and video games. Gamers can broadcast live gameplay footage on Twitch. This website rivals YouTube in its niche.

Recently the number of users on Twitch has increased to 50 million. Gamers share videos of their achievements in the video game and walkthroughs showing how to beat a game.

Neither Google nor Twitch has officially announced the deal as of yet but all the sources are pointing to the same possibility.

Google bought youtube for $1.65 billion in 2006.

If you are a user of Twitch.tv then tell us what you think about this merger / buyout. How do you think this will affect the service? Are you excited or is this a disappointment for you?

Google Is Near Twitch Acquisition for $1 billion

Google can be trying to accumulate video streaming service Twitch

A new report from The Wall Street Journal claims that Google can be trying to accumulate video streaming web site Twitch for a calculable $1 billion. The WSJ is citing business executive sources for this report and therefore the deal looks plausible given the rising quality of the streaming service over the past number of years.

 

Twitch has clad to be a significant player within the streaming phase, a section wherever YouTube still has some up to try to. The report claims that whereas Google may be trying to accumulate the service for a hefty $1 billion, Twitch won’t be receptive to that and will well kindle further funding from its investors to stay it going robust.

 

It is still time period within the deal and Google or the folks behind Twitch square measure however to come back forward with a comment. it’ll be attention-grabbing to examine if the deal goes through as Twitch leads the video streaming section whereas YouTube rules the roost as way as video sharing cares.

If Google were to accumulate Twitch, there’s little doubt that they’d permit it to perform severally. At this moment although, it appears like Twitch won’t be willing to budge for $1 billion given the hold it’s within the streaming section.

Google can be trying to accumulate video streaming service Twitch