There are multiple reports out there right now, some from very reputable sources, indicating that Google will purchase Youtube rival Twitch for 1 Billion dollars. Yes, you read that right, One Billion Dollars.
Twitch, launched in June 2011, is the most popular Internet destination for watching and broadcasting videogame play. Twitch had been gaining more and more popularity in recent time on Google’s Youtube, and has actually been more popular for the live streaming of videogames and other live events.
It is important to note, reports are still early, and no deal is imminent. We can’t know how accurate the money figures are at this point.
Stayed tuned for more info.