(CNN) — If YouTube is really on the verge of buying video game-streaming website Twitch, there's at least one reason behind the move that's as old as business itself: eliminating the competition. Little known outside the gaming world, Twitch has
Twitch is best thought of as a live streaming, gaming-focused version of YouTube. The streamer loads up his or her favorite game, and the audience watches and participates via an integrated chat room. Twitch recently made headlines as the host of
According to "sources familiar with the pact", Variety is reporting that Google (specifically, YouTube) has already reached a deal to buy game streaming service Twitch. For, oh, $1 billion.
According to "sources familiar with the pact", Variety is reporting that Google (specifically, YouTube) has already reached a deal to buy game streaming service Twitch. For, oh, $1 billion.
Google-owned video service YouTube may be on the verge of a major acquisition. Variety reports YouTube will acquire Twitch, the video game streaming service that surged in popularity with the launch of the PlayStation 4 and Xbox One, for $1 billion.