Google's YouTube Video Service to Buy Twitch

Discussion in 'Articles' started by Trickman, May 19, 2014.

  • by Trickman, May 19, 2014 at 9:44 AM
  • Trickman

    Trickman Co-Founder of this glorious place Staff Member

    According to multiple sources, including Variety.com, Google/YouTube will be buying the Twitch streaming service (Twitch.tv) for $1 billion. The exceedingly popular Twitch has garnered much attention since launching in 2011 as a spinoff of Justin.tv. Twitch has reportedly raised roughly $35M since becoming an independent company. The service is now an integral part of the PS4's "share button" feature and was recently implemented on the Xbox One as well.

    [​IMG]

    Variety states that YouTube is preparing for U.S. regulators to challenge the Twitch deal. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market.

    Variety.com
    Techcrunch.com
    Last edited: Jun 24, 2014
  • Categories: Uncategorized

Comments

Discussion in 'Articles' started by Trickman, May 19, 2014.

Share This Page