YouTube to acquire videogame streaming service Twitch for over $1 billion

YouTube to acquire videogame streaming service Twitch for over $1 billion
According to multiple sources, YouTube is preparing to purchase videogame streaming company Twitch for over $1 billion in cash.

If it comes to fruition, the deal will be the largest in YouTube's history. The site itself was purchased for just $1.65 billion in 2006 and is valued at over $20 billion now.



Twitch, popular among gamers, allows you to upload or stream live gameplay videos. You can also see sponsored content from popular gaming sites GameSpot, Joystiq and Destructoid. Twitch was started in 2011 by the founders of once-popular streaming site Justin.tv.

The company says it has over 45 million monthly users, and that number is expected to increase as the service was only recently added to the Xbox One after months of being available on the PS4.

Source:
Variety


Written by: Andre Yoskowitz @ 18 May 2014 19:50
Tags
YouTube media streaming Twitch
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