Tuesday, May 20, 2014

YouTube to Acquire Twitch for $1 Billion


For those who questioned the legitimacy of eSports, Google’s venture to purchase video game-streaming company and promoter of eSport content, Twitch, will put any of their arguments to rest.

According to a report from Variety, YouTube is looking to acquire Twitch for more than $1 billion. The rumored deal is supposedly an all-cash offer and the announcement of the acquisition is to be announced “imminently”.


Since YouTube is the dominant force in the online-video market, the company is prepping to combat U.S. regulators that may deem the deal to broach monopolistic issues.

SOURCE: Variety

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