Google’s $1B purchase of Twitch confirmed

It would appear that the rumors are true, Twitch.tv is now part of the Google Empire and they paid 1 billion dollars for the opportunity.

Google has signed a deal to buy game-livestreaming firm Twitch for $1 billion, confirmed sources familiar with the matter.

We don’t know everything about this deal, such as when it will be announced and the exact purchase price.

We do know that Twitch investors who participated in past rounds are pleased that they will be getting significant returns that are multiple times the amount they originally invested. The deal underscores the value of live Internet streaming and the rise of competitive gaming as a spectator sport — something that draws millions of viewers, can offer prize pools that surpass pro golf’s marquee events, and provides a multibillion dollar opportunity for advertisers.

I've been doing some twitch research lately learning about what it takes to stream and finding out what streamers do to get attention.  The real benefit for them is the chance to make playing games a real business.  Of course the same could be said for "cam girls" but that is a different story.

Of course, now that Google is running the show you can be assured that almost every aspect of twitch will be better from the advertising money to streamers to the connection for viewers.

With any luck and a DSL upgrade you may even see some Hardware Asylum stuff on twitch so cross your fingers.

Related Web URL: http://venturebeat.com/2014/07/24/googles-1b-purch...