Official Twitch Thread
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Gonna stream a game or two of The Show. Doing that showcase thing. http://www.twitch.tv/mikeyfassbender/
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Follow me on twitter @JBregzz
Follow me on twitch bitch http://www.twitch.tv/jbregz/
Redskins TGT Scheduling Thread http://www.virtualsportsnetwork.com/...eduling-ThreadComment
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Youtube to acquire Twitch.TV for $1 billion (according to sources)
Google’s YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact.
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. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year.
Reps for YouTube and Twitch declined to comment.
San Francisco-based Twitch lets users upload and watch free, live gameplay videos that can be streamed from Microsoft Xbox and PlayStation 4 consoles. The company claims to have more than 45 million monthly users, with more than 1 million members who upload videos each month. It also has deals to distribute shows from partners including CBS Interactive’s GameSpot, Joystiq and Destructoid.
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.
Twitch was launched in June 2011 by Justin Kan and Emmett Shear, co-founders of Justin.tv, one of the first websites to host livestreaming user-generated video. Shear currently serves as CEO of Twitch.
Founded in 2011, the startup has raised about $35 million in funding. Investors include Bessemer Venture Partners, Alsop Louie Partners, WestSummit Capital, Take-Two Interactive Software, Thrive Capital and Draper Associates.
One of Twitch’s competitors is Major League Gaming, a New York-based company whose investors include Oak Investment Partners and Relativity Media CEO Ryan Cavanaugh.
In March 2014, Twitch represented 1.35% of all downstream bandwidth on North American fixed-access broadband networks — nearly triple from last fall, according to bandwidth-equipment company Sandvine.
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I fucking hate YouTube and them asking every fucking time to link Google and YouTube, and them not really giving you the option to say no, then everything is fucked up until you can go back in and unlink everything. Pisses me off that they do this like every damn day. If they make the same changes to Twitch, I'll be pissed.Comment
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Until I see Google and Twitch comment officially on the matter themselves, I'm chalking this up to hearsay.
"According to Sources" just means you're too chickenshit to put a name to a quote OR you're lying to build up a whopper of a story to sell page views.Comment
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