Google Reportedly Buys Twitch For $1 Billion

Chris CrumBusiness

Share this Post

Update: VentureBeat is reporting that Google has reached a deal to buy Twitch for $1 billion, and that the company is joining YouTube. Still, neither company is commenting.

Original article (May 19): Google is reportedly in talks to acquire video game streaming company Twitch. Variety reports that it's an all-cash offer, and is expected to be announced imminently.

The Wall Street Journal is also reporting that the companies are in talks, but says they're in the early stages, and a deal isn't imminent.

The Verge says Google is close to buying Twitch for $1 billion, and that it will have "fended off multiple suitors including Microsoft" if it does. It also reports that they've agreed on this price, and are working out details, such as the independence of the Twitch company and the brand.

Neither company is commenting.

It's not hard to see why Twitch would fit in well with Google. The deal is being connected to YouTube specifically in reports, though it remains to be seen just how and if Google would integrate the two.

Image via Twitch

Chris Crum

Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.