YouTube Buying Video Game Streaming Service Twitch For Over $1B

SAN FRANCISCO (CBS SF) — YouTube has agreed to acquire video game streaming service Twitch for more than $1 billion, sources tell Variety.

The all-cash deal is expected to be announced soon, unidentified sources told the entertainment news site. If completed, the acquisition would be the video-sharing site’s largest deal since it was purchased by Google for $1.65 billion in 2006.

YouTube and Twitch representatives declined to comment on the report.

For the full CNET report, click here.

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