Google has Completed $1 Billion Purchase of Twitch (RUMOR)
If rumors are true, Google has completed the purchase of Twitch for $1 billion.
The news comes from an article on VentureBeat, and cites “sources familiar with the matter.” We first heard rumblings about this deal back in May, when Variety reported the acquisition as basically a done deal, and the Wall Street Journal described the deal as being in the early stages.
If this transaction is confirmed, it will add the over 50 million users of Twitch to Google’s already enormous YouTube video hosting business. Google’s YouTube division was reportedly responsible for the acquisition, which would give Google control of the largest hub for video game streaming in the world – one that’s already integrated into both of the new-gen consoles.
There are no confirmed details on the deal yet, but I would imagine that many streamers are watching anxiously, especially in the face of the content ID debacles YouTube has foisted on gaming channels recently.
We’ll have more on this story as it develops.