Monday, 19 May 2014

YouTube reportedly buying Twitch for $1 billion

Sources with Variety report that YouTube is nearing a deal to buy Twitch, the popular game streaming startup, for $1 billion. The deal is said to be an all-cash offer, and will close "imminently." The move, if it succeeds, would effectively put one of the web's most highly trafficked sites firmly in Google's hands.
For YouTube's part, the move makes sense. Twitch, launched in 2011, has since become a premier destination for video game live-streams, and has effectively turned titles as offbeat as Pokemon into spectator sports. It currently has more than 1 million unique users broadcasting on its platform every month, and, according to a recent DeepField study, ranks ahead of even Google in terms of broadband traffic during peak hours....
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