Twitch Acquisition Talk “Isn’t Imminent”

Earlier today, we did bring you word that there is a very real possibility of the Twitch video streaming service being purchased by YouTube according to the tune of $1 billion thereabouts. Twitch happens to be a video streaming service where gamers are able to upload live streams of themselves playing games for everyone to see, with folks even creating an industry out of it, earning a living through the live streaming of their games, offering commentary, while giving 101 classes to newbies. YouTube, being part of Google’s umbrella of companies, should they be successful in their $1 billion (all cash) bid of Twitch, would mean Twitch will also be part of Google. The latest word has it that the acquisition talks “are at an early stage” and the “deal isn’t imminent,” at least according to a report from The Wall Street Journal.

The Wall Street Journal has cited a couple of people who seem to be a whole lot more familiar with the entire situation compared to the rest, and one of the sources claimed that Twitch has also explored the possibility of raising additional funding instead of putting up the video game streaming service for sale. Only time will tell whether there will be any more twists to this particular development.

Edwin Kee
Categories: Rumors
Tags: Google, Twitch, YouTube