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.