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Report: Google buys Twitch for $1 billion

on 26 July 2014

In a recent report by VentureBeat, the popular gameplay streaming service Twitch has been acquired by Google for the sum of $1 billion (according to unnamed sources).

The San Francisco-based service was founded in 2011 by Justin Kan and Emmett Shear and currently boasts a whopping 50 million active monthly users. Twitch will be joining fellow streaming service YouTube under Google’s banner, furthering the search engine’s dominance in online video content.

Known for garnering the interest of millions daily, Twitch allows gamers to broadcast live footage of their gaming sessions to the masses. Since the console’s launch last November, PlayStation 4 owners have been able to broadcast gameplay through Twitch with the use of the integrated “Share” button on the DualShock 4 controller.

The growing accessibility of Twitch coupled with Google’s vast financial support allude to a bright future for the service.

How do you feel about Google’s pricey acquisition? What do you think this means for the future of the service? Share your thoughts in the comments section below.