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

July 24, 2014

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twitch-tv-bot

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

Robert Nazarian Author

Robert lives in upstate New York where he was born and raised. Technology was always his passion. His first computer was a Radio Shack TRS80 Color that used a cassette tape to save programs, and his first laptop was a Toshiba T1200FB that sported a CGA greyscale screen and two 720kb floppy drives (no hardrive). From the early 90’s through late 2011, he only owned Motorola phones starting with the MircroTAC all the way through to the Droid X. He broke that streak when he bought the Galaxy Nexus. Now he's sporting a Galaxy Note 4, and absolutely loves it. He has a wonderful wife and a 6 year old son. In his free time he enjoys sports, movies, TV, working out, and trying to keep up with the rapid fast world of technology.