Thread: Videogame News Thread
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Old 05-18-2014, 07:29 PM   #8443
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Weekend News Edition
Google is in the process of buying streaming company Twitch for over $1 billion. Will be part of the Youtube branch once the deal is done.

Quote:
Google’s YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact.

The deal, in an all-cash offer, is expected to be announced imminently, sources said. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year.
http://variety.com/2014/digital/news...es-1201185204/
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