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Business  19, May 2014

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 billion

 

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.

Also Read: Tencent earns net profit of US$1.03 billion in Q1 2014

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.

Jonathan Toyad

Jonathan Toyad

If you want an elaborate answer on who would win in a fight between Ultraman and Godzilla, Jonathan Toyad is your man. A six-year veteran in the game journalism industry, he did words and videos for outlets such as GameSpot, GameAxis, IGN and Stuff.TV. Fears coyotes and scorched earths.

  • sidlr

    grossly wrong to write as ‘used mostly in Singapore and the Philippines’…Twitch is pretty big in many e-gaming circles around the world …

  • Jonathan Toyad

    @sidlr:disqus Based on the whole story we wrote, we are aware that Twitch is big worldwide. As our news, headlines, decks & site are tailored for Asian audiences, the deck is correct.

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