Google Has Reportedly Purchased Twitch For $1 Billion

Google Reportedly Purchased Twitch For $1 Billion (Ping! Zine Web Tech Magazine) – Google has reportedly acquired popular video streaming service Twitch for $1 billion, though both companies have yet to comment on the matter.

According to VentureBeat, sources “familiar with the matter” confirmed the acquisition, stating that Google’s YouTube division, which was acquired in 2006 for $1.56 billion, will be in charge of the deal.

Earlier this year, Variety reported that both companies were discussing the possibility of the acquisition, with unnamed sources claiming that Google had made an “all-cash” offer to Twitch.

The streaming service first began in 2011, becoming one of the first services to host live streams. In June 2011, the company had around 3.2 million monthly active users. That number has risen to over 50 million users to date.