Google's YouTube was rumored to be in the process of buying video game streamer Twitch for over $1 billion a few months ago. That deal has allegedly closed and Google will be buying Twitch for $1 billion.
Sources close to Venture Beat are saying that Google and Twitch have reached a deal. The $1 billion move would see Twitch, the largest and most popular video game streaming platform, join YouTube.
Twitch enables video gamers to broadcast their PC, Xbox or PlayStation gameplay live to millions of viewers. Twitch currently has over 50 million monthly active users and more than 1.1 million users who stream gameplay. More than 13 billion minutes of content is watch monthly on Twitch.
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Source: Venture Beat