Twitch may have turned down a Microsoft offer to join forces with Google's YouTube service
To borrow a line from "The Social Network," a million dollars isn't cool. Do you know what's cool? A billion dollars. There are a lot of cool offers being made in the tech industry, and the latest involves Google reportedly offering to acquire Twitch for $1 billion. Twitch, which is a video game streaming service, is said to be more interested in partnering with Google than Microsoft (which is also interested in Twitch) because of the potential Google's YouTube division brings to the table.
Reports of the acquisition are all over the web, though it was Variety that first broke the news after speaking with "sources familiar with the pact." According to Variety, this is an all-cash offer that, barring any last minute snags, is expected to be announced any time now.
Should the deal go through, it would be the biggest in YouTube's history, which Google acquired in 2006 for $1.65 billion. In anticipation of the deal being finalized, YouTube is already preparing for U.S. regulators to challenge the acquisition based on anticompetitive concerns.
YouTube serves up more than 6 billion hours of video per month to 1 billion users around the world. Twitch, which lets users upload and watch free, live streaming gameplay videos, claims to have more than 45 million monthly users, with more than 1 million members who upload videos each month. Twitch also has deals in place with several partners to distribute shows including GameSpot, Joystiq, and Destructoid.