Google Hit with Antitrust Concerns When it Tried to Acquire Twitch - NewsWilliam D'Angelo, posted on 26 August 2014 / 3,822 Views
It was reported earlier this year that Google was in talks to acquire Twitch for $1 billion. The reports have now been confirmed true. The deal fell through after there were antitrust concerns, according to Forbes. Amazon has moved in and yesterday the deal was made official that Amazon has acquired Twitch for $970 million.
The antitrust concerns surfaced, because Google already owns YouTube. YouTube is the most popular video content website and is in direct competition with Twitch. A source has said that Google and Twitch couldn't come to an agreement on a breakup fee in case the deal fell through.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at email@example.com or on Twitter @TrunksWD.