Twitch, a popular streaming for video game Company, is in the process of being acquired by Youtube for more than $1 billion. It was disclosed by the resource close to the deal. The deal, which is in the form of all-cash, will be announced as a great news. After the deal is completed, this acquisition will be the most significant in the history of YouTube, which was acquired by Google in 2006 for $1.65billion. This deal was initiated after the new CEO of YouTube, Susan Wojcicki, was named at the start of this year. The deal is yet not confirmed by any resourced from YouTube or Twitch. Twitch is based in San Francisco. It allows its user to upload and watch free, live gameplay videos. These videos can be streamed through MS Xbox One and Sony PlayStation 4 consoles. The company also sells a monthly $9 subscription, which is ad-free. Subscription to individual channels is done for $5 per month. They claim that they have more than 45 million users every month. Out of these, more ...
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