Video game streaming service Twitch is being acquired by YouTube as part of a deal worth more than $1 billion, according to a report from Variety citing sources.
The deal is reportedly an all-cash offer, Variety reports, and is expected to be announced 'imminently.'
Twitch was launched in 2011 by Justin.tv co-founders Justin Kan and Emmett Shear and focuses on live video game streams and eSports broadcasting. Twitch boasts more than 45 million visitors per month and topped 1 million monthly broadcasters earlier this year, which the company attributed in part to the service's availability on PlayStation 4. Twitch streaming was added to Xbox One in March.
Variety's report indicates that YouTube is preparing for U.S. regulators to challenge the Twitch acquisition deal and whether the buyout raises anticompetitive concerns regarding online video.
Polygon has reached out to YouTube and Twitch reps seeking comment.
For more on the story behind Twitch, read Polygon's feature.
Post By http://www.polygon.com/2014/5/18/5729490/twitch-youtube-buyout-deal
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