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Tucker933

YouTube to Buy Twitch for 1 Billion Dollars

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Google's YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact.

 

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.

Reps for YouTube and Twitch declined to comment.

 

San Francisco-based Twitch lets users upload and watch free, live gameplay videos that can be streamed from Microsoft Xbox One and Sony PlayStation 4 consoles, and also sells a $9 monthly ad-free subscription and subscriptions to individual channels for about $5 per month. The company claims to have more than 45 million monthly users, with more than 1 million members who upload videos each month. It also has deals to distribute shows from partners including CBS Interactive's GameSpot, Joystiq and Destructoid.

 

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.

 

Founded in 2011, the startup has raised about $35 million in funding. Investors include Bessemer Venture Partners, Alsop Louie Partners, WestSummit Capital, Take-Two Interactive Software, Thrive Capital and Draper Associates. Twitch Interactive, which includes Justin.tv, has about 130 employees.

 

Gameplay videos already are a highly popular category on YouTube. Twitch also plays in the separate "e-sports" market covering live professional gaming competitions; others in that space include tournament organizer Major League Gaming, a New York-based company whose investors include Oak Investment Partners and Relativity Media CEO Ryan Kavanaugh.

 

In March 2014, Twitch represented 1.35% of all downstream bandwidth on North American fixed-access broadband networks — nearly triple from last fall, according to bandwidth-equipment company Sandvine.

 

Source

BigTree likes this

Oddly, this is familiar to you... as if from an old dream.          

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Tiddy-bits:

I hope this somehow makes it so that I can get back my "As7raios" username. That account is stuck in the limbo between being active and deleted. Makes it impossible to recover it or make a new account with the same name. I have to go by "Drsyx" (Dr Syx) on there and that just looks... Well, it looks ugly.


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"You fix my mistakes is what you do." - Tucker
"You're useless." - Tucker 2 minutes later

"You're sort of cool in some ways." - Kavawuvi

 

"Fuck off." - Mint Blitz

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One good thing from all of this, Twitch will finally get the resources it both deserves and needs, Once it became big they just didn't have enough money to look after it right.


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I hope this somehow makes it so that I can get back my "As7raios" username. That account is stuck in the limbo between being active and deleted. Makes it impossible to recover it or make a new account with the same name. I have to go by "Drsyx" (Dr Syx) on there and that just looks... Well, it looks ugly.

 

And Dr Syx makes you sound Dateline NBC worthy. OH WAIT.

 

Much love <3

Pfhunkie likes this

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I hope this somehow makes it so that I can get back my "As7raios" username. That account is stuck in the limbo between being active and deleted. Makes it impossible to recover it or make a new account with the same name. I have to go by "Drsyx" (Dr Syx) on there and that just looks... Well, it looks ugly.

 

 

What ever happened to you changing your name?

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One good thing from all of this, Twitch will finally get the resources it both deserves and needs, Once it became big they just didn't have enough money to look after it right.

 

Maybe.

 

If Microsoft's purchase of Skype was any indication (it's still bade), it's not a trend around these parts...

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