Google Inc's (GOOGL.O)(GOOG.O) YouTube unit has reached a deal to acquire videogame-streaming service Twitch for more than $1 billion, according to a report in Variety, the entertainment news publication.
The all-cash deal is expected to be announced "imminently," according to the report on Sunday, which cited unnamed sources.
Officials at Google and Twitch declined to comment on the matter.
San Francisco-based Twitch allows consumers to broadcast live video streams of themselves playing videogames and includes social networking features that allow video game fans to communicate with each other during the broadcasts. The company says more than 45 million gamers visit its site every month.
Video games are among the most popular content on YouTube, the world's No. 1 video website.
In September, Twitch raised $20 million in funding from Thrive Capital, WestSummit Capital and Take-Two Interactive Software Inc (TTWO.O), among other parties.
(Reporting by Mike Stone; Editing by Eric Walsh and Jeffrey Benkoe)
Trending On Reuters
As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this. Full Article
- Fiat Chrysler CEO: Unclear who owns self-driving cars' data
- SpaceX rocket launches satellite, then lands on ship at sea
- Toshiba nominates new CEO in bid to put accounting scandal behind it
- Facebook loses first round in suit over storing biometric data
- Exclusive - Apple's Tim Cook to visit China for government meetings - source