Report: Google to Purchase Twitch for $1 Billion - NewsWilliam D'Angelo, posted on 27 July 2014 / 4,230 Views
Google has signed a deal to purchase video game streaming website Twitch for $1 billion, according to sources who spoke with Gamesbeat last week. Google's YouTube division is reportedly in charge of the purchase.
Twitch has seen continued growth, which earlier this year hit 1.35 percent of all internet traffic. There are more than 50 million monthly active user, as well as more than 1.1 million people who stream at least once per month.
When Twitch began in June 2011, it had just 3.2 million monthly active users. Twitch was founded by Justin Kan and Emmett Shear. It was also one of the first websites to host livestreams.