The latest big tech buyout rumour on the Internet is that Google-owned Youtube is nearing a deal to purchase popular live streaming video platform Twitch for a cool US$1 Billion.
Unusually for a tech deal rumour, the report comes by way of Hollywood film publication Variety
, citing "sources familiar with the pact" (thanks The Verge
The deal, in an all-cash offer, is expected to be announced imminently, sources said. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year.
YouTube is preparing for U.S. regulators to challenge the Twitch deal, according to sources. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market.
Twitch was launched in June 2011 by Justin Kan and Emmett Shear, co-founders of Justin.tv, one of the first websites to host livestreaming user-generated video. Shear currently serves as CEO of Twitch.
Considering the prices that some other major tech acqusitions have attracted lately, 1 billion seems a little low for Twitch, which earlier this year hit one million broadcasters
, but we'll no doubt hear more soon.
Posted 01:19pm 19/5/14
Posted 02:18pm 19/5/14
If the Internet has taught me anything its that enough money can fix these sorts of problem in 'Murica.
Posted 03:38pm 19/5/14
Posted 05:05pm 19/5/14
Posted 12:09am 20/5/14
Posted 12:44am 20/5/14
i don't see the value in abstracting gaming sessions but it is pretty cool
Posted 09:01am 20/5/14
Just imagine. Ads, ads everywhere! Ads every 5 minutes in streams! Ads before login, ads after login. Ads in text chat. Ads! YAY!
Posted 04:42pm 20/5/14
Posted 03:19am 21/5/14
Posted 10:58am 21/5/14
Posted 11:24am 21/5/14
Youtube seems better than ever to me; I click links in articles or that people send me and a video plays, and I can switch between HD and close captioning and all this other stuff!
OTOH, I don't really get the point of Twitch.
Posted 11:36am 21/5/14
i do use youtube via channels & subscriptions. when i was into bikes i subbed to all the cool bike chans, same with all my hobbies... there were some really great youtube communities that pretty much got fractured by the google+ intergration. now half the time i cannot reply to comments on my own videos!!@# because the person replied using google+ but i am logged into my youtube account.
messages & comments just go missing or are deleted... who knows!?.. they are there one day.. gone the next! youtube 'support' is just a bot that spams faq urls.
i would jump to another video upload site in a trice if there was one that was viable... vimeo is a joke with it's restrictive upload limits & paid hosting.
Posted 11:46am 21/5/14