AT&T may not be the only one
landing a big achievement this weekend. Variety claims that Google's YouTube division has struck a deal to buy Twitch,
the game-focused video streaming service, for more than $1 billion. Neither
side is commenting on the rumor, but it's easy to see why YouTube would splurge
-- Twitch has more online viewers than some big sports networks, and a takeover
would instantly secure a larger presence in the gaming world. Google is apparently
expecting a battle with regulators, which might claim that the deal stifles
competition with other internet video providers. If the sensation is accurate,
though, the company clearly believes that the expanded audience is worth the
hassle.
Update: The Wall Street Journal corroborates the rumors, but says that it's still early; Twitch may
ultimately raise funding rather than sell itself off. The video-streaming
service has told that it currently has
no comment on the report.
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