Report: Google’s YouTube reaches deal to acquire Twitch for $1 billion

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Back in May, it was reported that Google was exploring the purchase of Twitch, the premier game streaming service. Although not officially announced, today it was revealed that a deal has been reached for roughly $1 billion.

Apparently both companies started talking back in September, but nothing leaked until May. It’s also expected that Google’s YouTube division will be the ones swallowing Twitch. YouTube was purchased by Google for $1.65 billion back in 2006.

Twitch has grown considerably over the years. Back in 2011, Twitch had just 3.2 million active users, but today that total tops 50 million.

source: Venture Beat