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Report: YouTube Buying Twitch.tv For $1 Billion

Posted by Soulskill on from the day-for-deals dept.

Variety reports that Google's YouTube unit has reached a deal with Twitch.tv to buy the game-streaming service for $1 billion. From the article: "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. ... YouTube is preparing for U.S. regulators to challenge the Twitch deal, according to sources. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market."

3 of 142 comments (clear)

  1. Re:Anticompetitive when its free? by Anonymous Coward · · Score: 2, Funny

    Scintillating logic!

    You should have been on Microsoft's legal team team during the IE anti-trust trail.

  2. Seems insignificant by maliqua · · Score: 4, Funny

    right next to that 48.5 billion article doesn't it

  3. Google/YouTube? This can only mean one thing... by thevirtualcat · · Score: 4, Funny

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