Google Buys Gamer Video Site Twitch.TV For $1 Billion: Report

The Google deal for Twitch.TV, rumbled around in Silicon Valley for months, now finally is cinched at around $1 billion — but not officially announced, according to the tech investor site VentureBeat. If true, the deal would bring into the Google fold one of the biggest sources of online video traffic that isn’t already Google’s YouTube division, which is spearheading the deal. The acquisition also would reinforce how hot the videogame sector has become for online entertainment, as millions of fans watch others play, and sometimes grab their own bit of notoriety by streaming their performances on Internet-connected PCs, the Sony PS4 or the Microsoft Xbox One.

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This article was printed from https://deadline.com/2014/07/google-youtube-twitch-acquisition-1-billion-dollars-809435/