YouTube reportedly in a plan to acquire Twitch for $1 billion
Twitch is one of the largest video sites on the internet, particularly when it comes to live-streaming of video games and e-sports. The site boasts 45 million monthly users and more than 1 million monthly video uploaders, stats which have been greatly helped by both the Xbox One and PlayStation 4 allowing users to live stream their gameplay through Twitch.
The big man Google with its subsidiary YouTubeÂ is rumored to be in talks to acquire Twitch for $1 billion, a new report according to WSJ said. Its also rumored that the deal is expected to be an all-cash offer and could close immediately.
Twitch is much more successful in offering streaming services and a well targetd market. YouTube, by purchasing the company will strengthen its online video portfolio. YouTube are expecting US regulators to review and challenge their acqusition of Twitch, as it may be seen as an anticompetitive move.
If the deal is completed successfully, it would be the most significant acquisition in the history of YouTube, which Google bought in 2006 for $1.65 billion, Variety reported.