Google Has Bought Twitch for $1 Billion, Claims Insider

By   /   Jul 25, 2014

This is not the first time that we are hearing rumors regarding a supposed deal between Twitch and the search engine giant Google. However, it surely is the most credible one so far. There are multiple sources that are confirming, unofficially, that a deal has been finalized between the two and that Twitch has been valued at $1 billion.

According to a report by VentureBeat, some ‘sources familiar with the matter’ are confident in sharing that investors who have participated in the venture previously are mighty glad that the deal is going to pay off well for them. Naturally, a figure of $1 billion is a multifold greater than what they invested at the beginning.

Although both Google and Twitch have declined to comment on the matter, it is expected that the deal will result in a coalition of sorts between YouTube and the streaming services provider. This could result in a major transformation of YouTube itself which was acquired by Google for an even bigger price of $1.65 billion in 2006.

Google has been eager for acquisitions since a while now and with something as luscious as Twitch, I don’t question their interest at all. Twitch is reported to representing around 1.35 percent of the total internet traffic.

Right now, YouTube is the number one videos platform while Twitch can be regarded as the number one streaming platform. One can only guess the outcome of this marriage. We will be sharing more information about this as soon as either Google or the video streaming company provides us with an official statement.

Featured Videos

Hot Right Now

Next Batman Arkham

Next Batman Arkham Could be Batman Arkham Insurgency, Announcement in March?

Warner Bros. is about to make an important announcement on March 8, 2017. There's no official...

by   /   Feb 25, 2017

The AMD Ryzen CPU Hits The Right Marks, Just Needs Right Price

The AMD Ryzen CPU was demoed recently and what a demo it was. AMD showed that the upcoming AMD...

by   /   Dec 15, 2016
Death Stranding leak

New Death Stranding Leak Revealed The Name Of Norman Reedus’ Character

Hideo Kojima rocked the internet with the reveal of Death Stranding trailer at The Game Awards...

by   /   Dec 15, 2016
Video Game Remasters

Untold Stories of Video Game Remasters – the Good, Bad, and Ugly

In today’s video, we discuss something subjective – are video game remasters good or bad? And...

by   /   Sep 9, 2016
Video Game Villains

Top 10 Invincible Video Game Villains Who Just Won’t Die, No Matter What

We all are accustomed with video game villains and the story usually concludes with the fall of...

by   /   Aug 18, 2016
Load More