Google/YouTube to buy eSports-focussed channel Twitch.tv
Popular games-streaming channel, used mostly in Singapore and the Philippines, to be purchased for more than US$1 billionBy Jonathan Toyad 19 May, 2014
You’d be surprised that the pastime of watching other people play video games, either on a casual or professional level, is trending on a high, thanks to game-streaming channels like Twitch.tv. The channel’s usage in Southeast Asia has been growing of late, as the biggest games in the region (mostly in Singapore and the Philippines), DOTA 2 and League of Legends, are using Twitch.tv for casual or eSports-level play.
Google’s video channel YouTube seems to show huge interest in it; according to a Variety report, the company has bought Twitch.tv for an estimate sum of more than US$1 billion. The deal will be announced shortly. As of now, YouTube, Twitch.tv and Google have yet to comment on the matter.
Twitch.tv announced its mobile gaming initiative last March where developers can incorporate video sharing into smartphone and tablet titles. Factoring this and Twitch.tv’s growing presence in Asia, its competitors in the region would be game video-sharing companies like Kamcord and China’s equivalent of YouTube, Youku Tudou Inc.
Stay tuned to e27 for more official words and updates from YouTube, Twitch.tv and Google.
YouTube United States of America YouTube is a video-sharing website created in February 2005 by three former PayPal employees: Chad Hurley, Steve Chen and Jawed Karim. Latest funding: Not specified Investors: Not specified
Google United States of America Google provides search and advertising services, which together aim to organize and monetize the world's information. In addition to its dominant search engine, it offers a plethora of online tools. Latest funding: Not specified Investors: Not specified