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US: Google nabs videogame firm for $1B

By  |  July 25, 2014

Google has reportedly finalized plans to acquire videogame broadcasting company Twitch, a $1 billion deal the company says will expand its YouTube operations.

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    The companies were first reported in May to be discussing a merger. Now, anonymous sources say the firms have finalized their plans, though both Google and Twitch declined to comment on the matter.

    Twitch launched its Twitch.tv service in 2011, a business that reports say will expand YouTube’s offerings. Twitch reports more than 45 million users every month.

    Experts say Twitch is attractive to Google and YouTube for its success in subscription video streaming and live-streaming operations.

    Full content: Boston Herald

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