Google apparently is adding another prominent streaming video service to nestle alongside YouTube in its stable. It reportedly has acquired Twitch for around $1 billion. When the deal will be announced and the official purchase price are not yet clear, though Twitch investors are said to be pleased with the return on their equity. Twitch allows gamers to stream their gameplay and commentary to others. It was founded as a subsidiary of streaming video service Justin.tv in 2011, before spinning out as a separate service early in 2013.
Loading ...
Google May Give YouTube a Sibling
Posted by: Kris Holt July 25, 2014 04:30 PMGoogle apparently is adding another prominent streaming video service to nestle alongside YouTube in its stable. It reportedly has acquired Twitch for around $1 billion. When the deal will be announced and the official purchase price are not yet clear, though Twitch investors are said to be pleased with the return on their equity. Twitch allows gamers to stream their gameplay and commentary to others. It was founded as a subsidiary of streaming video service Justin.tv in 2011, before spinning out as a separate service early in 2013.