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YouTube reportedly making a swoop to buy Twitch

Google looks to consolidate their grip on the business of internet video

A new report has emerged indicating that YouTube are preparing to announce their acquisition of popular game streaming service Twitch.tv.

Twitch has been growing steadily since it was founded by Justin Kan and Emmet Shear back in 2011 and it now forms the backbone of the live gameplay streaming services offered by the PS4 and Xbox One.

The service allows users upload and watch live gamplay videos as well as hosting shows from numerous partners in the games media. YouTube reportedly making a swoop to buy Twitch

Sources close to the deal have indicated that acquiring Twitch will cost YouTube owners Google over 1 billion USD.

Thanks Variety.

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