Google has reportedly signed a deal to acquire Twitch for $1 billion, reports VentureBeat.
We don’t know everything about this deal, such as when it will be announced and the exact purchase price. We do know that Twitch investors who participated in past rounds are pleased that they will be getting significant returns that are multiple times the amount they originally invested. The deal underscores the value of live Internet streaming and the rise of competitive gaming as a spectator sport — something that draws millions of viewers, can offer prize pools that surpass pro golf’s marquee events, and provides a multibillion dollar opportunity for advertisers.
Twitch lets gamers live stream their play. You can watch live broadcasts and chat with players via their app for iPhone and iPad.
Download Twitch from the App Store for free using the link below...
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Comments (7)
Comments are closed for this article.
0
lulz - July 25, 2014 at 3:47pm
how is oculus vr acquired for 3.2 and twitch is only acq for 1 billion?
0
gamerscul9870 - July 25, 2014 at 3:48pm
Depending on how popular it is.
0
Daddy Warbucks - July 25, 2014 at 12:06pm
Ha ha ha, so funny how billions are just thrown around by these people. It's just nuts, so detached from real valuations and reason.
0
gamerscul9870 - July 25, 2014 at 3:49pm
For the smallest things, that matters.
0
King - July 25, 2014 at 4:51am
Imagine google buying a country and everything there is a google product.
I think I should become a movie director.
0
gamerscul9870 - July 25, 2014 at 3:32am
On the last picture, if they're going to make it look like ipad which they are probably telling us how many people prefer it, they better line everything up right. Just saying. I know not everything will look perfect.
0
gamerscul9870 - July 26, 2014 at 4:01am
You sure have such defense for samshit! Do you have nightmares of myths becoming reality then find out rustling your jimmies when the the truth tells how much of drugs you took thinking how right you thought you were in the morning? Pfft what a joke. HARHAR
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