Google’s YouTube Reportedly agrees to acquire Twitch for USD 1 billion

Google owned YouTube was reportedly in talks to acquire video game-streaming site, Twitch, although the Wall Street Journal claimed that the deal is still in early stage and the closure might take time. But now Google has reached an agreement with Twitch to acquire the live streaming video platform for an amount of  USD 1 billion. With this move, Google aims at boosting the services of its live streaming service.

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San Francisco based, Twitch was launched in 2011 by Justin Kan and Emmett Shear. Earlier it has raised two round of investments in Series C (USD 20 million, Sep. 2013) and Series B (USD 15 million, Sep. 2012). It is known as a social video platform and a community for gamers. This includes developers, industry conventions, publishers, media outlets and casual games for charity events.

At present, the company is adopted by 45 million monthly users. Out of these, more than 1 million members uploaded videos each month. It has launched mobile apps for iOS and Android. The company supports live game play videos that can be streamed from playstation 4 consoles and microsoft Xbox.

In 2006, Youtube has been acquired by Google. It allows users to share, view and upload videos. the company uses technologies such as HTML5 and Adobe Flash to display video content. It offers a range of services like uploading, playback and 3D video viewing. The videos are playable on both Android and iOS platform.

Youtube is currently located in San Bruno, and is available in 61 languages.

NDTV Gadgets says: It will be interesting to see what form the reported deal takes; whether the very popular Twitch would continue as a standalone service, or be brought completely into the fold under the YouTube banner, perhaps as the YouTube Twitch service. Would gamers abandon the service due to stricter policies, is another question on many people’s lips.

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9To5 Google says: “We don’t know everything about this deal, such as when it will be announced and the exact purchase price,” wrote Dean Takahashi of VentureBeat. “We do know that investors who participated in past rounds are pleased that the will be getting significant rounds that were multiple times the amount they original invested as a return.”

To contact the author, email at sujata@iamwire.com

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