Report: Google and Twitch agree to $1 billion acquisition terms, expect an announcement shortly
Last month, we heard rumors that Google would soon be buying the game streaming service Twitch for upwards of $1 billion. That deal — lead by Google-owned YouTube — was apparently still on the table, but now has reportedly been confirmed by sources from Venture Beat. According to VB, there’s still no word on exactly when Google/YouTube plans on disclosing details of the deal, although with everyone now in agreement, an official announcement could be right around the corner.
The general feeling of a Google buyout amongst Twitch fans is one of fear and uncertainty. It’s not exactly clear what Google or YouTube plans on doing with Twitch, although we’re sure it should help alleviate some of the problems game streamers have been facing with the constant barrage of DMCA take-down requests. We’re sure Google will tread lightly, and in the end the deal will help benefit everyone. We’ll keep you posted as we learn more.