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Sources claim that Google's YouTube is about to buy Twitch, a video game-streaming company worth more than $1 billi...
Sources claim that Google's YouTube is about to buy Twitch, a video game-streaming company worth more than $1 billion, which offers users the chance to upload and watch free gameplay videos that can be streamed from Microsoft Xbox and PlayStation 4 consoles.
The deal which, if completed, will be the most significant for YouTube, is said to be an all-cash offer, according to the Variety's source. However, The Wall Street Journal claims that the talks are in early stages and a deal is not imminent.
Twitch is believed to have more than 45 million monthly users and more than 1 million members who upload videos each month. It is also a partner company with CBS Interactive.
For Google, Twitch can provide a potential boost to its YouTube video service. YouTube is the No. 1 platform for Internet video used by 1 billion users worldwide, serving more than 6 billion hours of video. But, live-streaming is not its most powerful side. Here is where Twitch would come onto the stage, uniting live-streaming and online video.
Twitch was formed in 2011 by Justin Kan and Emmett Shear, co-founders of one of the first websites for live-streaming, Justin.tv. Twitch's biggest competitor is the New York-based company, Major League Gaming.