Report: YouTube Purchasing Game-Streaming Network Twitch for $1 Billion

YouTube could be purchasing Twitch, the largest video game live-streaming network, for $1 billion, according to a report released by Variety Sunday evening.

According to Variety, the $1 billion deal will be an all-cash transaction, and will be announced shortly.

Twitch, originally a subsidiary of Justin.tv, spun off in 2011 to form its own gaming network. It has since drawn in huge traffic, getting an average of 45 million unique monthly viewers with hundreds of thousands of gamers broadcasting their own content.

Twitch has become fully integrated with both the Xbox One and PlayStation 4 gaming consoles, allowing players to both stream and watch content from their televisions. Read more...