Natalie Parkinson
2
All posts from Natalie Parkinson
Natalie Parkinson in Natalie Parkinson,

Google may acquire Twitch

Google may acquire Twitch

Google Inc. has held talks to purchase video service Twitch Interactive Inc. to boost its YouTube site, according to a person with knowledge of the matter.

With Twitch, Google would gain a platform that has more than 45 million active viewers a month. The San Francisco-based company acts as a social gathering place for video gamers, letting them discuss games or watch other players. Twitch is available on Sony Corp.’s PlayStation 4 and Microsoft Corp.’s Xbox One game consoles.

Variety reported earlier this week that the two companies are in talks on a transaction that could value Twitch at about $1 billion. Tim Drinan, a spokesman for Mountain View, California-based Google, declined to comment, as did Matthew DiPietro, vice president for marketing at Twitch.

http://www.bloomberg.com/news/2014-05-20/google-is-said-to-have-held-acquisition-talks-with-twitch.html