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YouTube to Acquire Twich
According to several sources Google’s YouTube has 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.
San Francisco-based Twitch lets users upload and watch free, live gameplay videos that can be streamed from Microsoft Xbox and PlayStation 4 consoles. The company claims to have more than 45 million monthly users, with more than 1 million members who upload videos each month.
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.
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Veeshush
Senior Member
Posts: 1095
Joined: 2010-11-28
Senior Member
Posts: 1095
Joined: 2010-11-28
#4820257 Posted on: 05/19/2014 09:16 AM
I know a lot of people went over to Twitch due to Youtube's forced Google+ integration and the Copyright Claims on gameplay footage.
If google/youtube buys out Twitch, I bet it'll be a mater of time before they crack down there too.
edit
Also see:
http://www.zdnet.com/youtube-in-1b-deal-for-twitch-reports-7000029586/
I know a lot of people went over to Twitch due to Youtube's forced Google+ integration and the Copyright Claims on gameplay footage.
If google/youtube buys out Twitch, I bet it'll be a mater of time before they crack down there too.
edit
Also see:
According to Variety’s sources, YouTube is currently preparing for US regulators to challenge the Twitch deal, with the company expecting the US Justice Department to reach a decision as to whether an acquisition of Twitch by YouTube constitutes anticompetitive behaviour in the online video market.
Meanwhile, The Wall Street Journal has delivered a more sober take on the rumoured deal, reporting today that the two companies are in preliminary talks about the deal.
According to The Wall Street Journal sources, the deal is "not imminent" and the potential purchase price has not been confirmed, with Twitch also considering raising an additional funding round rather than selling to YouTube.
At the time of writing, neither company had commented on the rumoured deal.
Meanwhile, The Wall Street Journal has delivered a more sober take on the rumoured deal, reporting today that the two companies are in preliminary talks about the deal.
According to The Wall Street Journal sources, the deal is "not imminent" and the potential purchase price has not been confirmed, with Twitch also considering raising an additional funding round rather than selling to YouTube.
At the time of writing, neither company had commented on the rumoured deal.
http://www.zdnet.com/youtube-in-1b-deal-for-twitch-reports-7000029586/
Phragmeister
Senior Member
Posts: 1892
Joined: 2010-01-25
Senior Member
Posts: 1892
Joined: 2010-01-25
#4820260 Posted on: 05/19/2014 09:24 AM
Good luck to the Germans - http://i.imgur.com/GlA0KGF.jpg
Also, I wonder what will happen if people are streaming with "copyright" music in the background?
Good luck to the Germans - http://i.imgur.com/GlA0KGF.jpg
Also, I wonder what will happen if people are streaming with "copyright" music in the background?
TheDeeGee
Senior Member
Posts: 8647
Joined: 2010-08-28
Senior Member
Posts: 8647
Joined: 2010-08-28
#4820261 Posted on: 05/19/2014 09:24 AM
A lot of streamers going to be extremely pissed.
Specialy because the commenting system on YouTube sucks.
A lot of streamers going to be extremely pissed.
Specialy because the commenting system on YouTube sucks.
IcE
Moderator
Posts: 10694
Joined: 2008-11-01
Moderator
Posts: 10694
Joined: 2008-11-01
#4820268 Posted on: 05/19/2014 09:54 AM
The Verge is the only one reporting that this is guaranteed to happen. The Wall Street Journal reports that Google is only considering the idea of a buyout at the moment.
The Verge is the only one reporting that this is guaranteed to happen. The Wall Street Journal reports that Google is only considering the idea of a buyout at the moment.
Click here to post a comment for this news story on the message forum.
Senior Member
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Joined: 2011-12-31
All your streams are belong to us!