Report: YouTube Buying Twitch.tv For $1 Billion 142
Variety reports that Google's YouTube unit has reached a deal with Twitch.tv to buy the game-streaming service for $1 billion. From the article:
"The deal, in an all-cash offer, is expected to be announced imminently, sources said. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. ... YouTube is preparing for U.S. regulators to challenge the Twitch deal, according to sources. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market."
Re:Anticompetitive when its free? (Score:2, Funny)
Scintillating logic!
You should have been on Microsoft's legal team team during the IE anti-trust trail.
Seems insignificant (Score:5, Funny)
right next to that 48.5 billion article doesn't it
Google/YouTube? This can only mean one thing... (Score:5, Funny)
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