Google has reportedly reached an agreement to acquire Twitch for $1 billion. After several months of rumors that the search giant was courting the streaming video platform, VentureBeat says that it has confirmed with several sources that it’s a done deal.

For those unfamiliar with the service, Twitch is a San Francisco-based company that enables people to broadcast video game sessions from their consoles, computers, and as of March, mobile devices. It also distributes content from CBS Interactive partners…

Here’s more from the VentureBeat report:

Google has signed a deal to buy game-livestreaming firmTwitch 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. […]

Google and Twitch declined comment. Both companies happen to be speaking at our GamesBeat 2014event in September. This deal was first cited by unnamed sources from Variety said back in May that Google had made an all-cash offer and that the deal could be announced soon.

Twitch has more than 1 million members who broadcast videos, and sees over 50 million users on a monthly basis. Those users tend to watch some 216 million hours of video during the month, causing Twitch to account for as much of 1.35% of all Internet traffic.

If true, this is significant news for the entire tech world, as Google will effectively have the streaming video market cornered. Twitch was one of the few streaming services that came close to YouTube in terms of traffic. We’ll let you know if either company confirms.

  • Christian Mejía

    Typo. “Vide game”

  • R4

    I don’t really care as long as they don’t make us log in with Google plus.

    • Truffol

      This. hahaha. by the way so so much money flying around silicon valley.

    • SkyFall

      They will probably intergrate it with YouTube so they will force us to use G+.

      • Marcus

        If I controlled Google… I would do what you just said. The current streaming method on YouTube is terrible in my opinion. Twitch should improve that.

        Also, I’m speaking from a business prospective when I say that. I know that the average consumers like us would all hate that. That includes me. Just saying though, that will most likely be the outcome of all this.

    • MrJohnBlaze

      • Jayy

        Lmfaooooooo hahahahaha

      • Rowan09

        Lol. I hate Google + and it’s even worst on a non Android device.

  • Eni

    Out of topic, whenever i play a video from cydia (video of a tweak) it crashes, yeah cydia crashes and i have to force reboot. any idea? and what should i do?

    • Marcus

      I never even knew that you could play videos in Cydia. I usually find tweaks online though and when I open Cydia, I know what I want. I never really browse for new tweaks on there whatsoever.

      Anyways, if something is causing Cydia to crash for you just tell Saurik and maybe he can fix it. In the meantime, don’t watch any videos on Cydia.

      • Eni

        I tweeted him but no response. anyway thanks. p.s. when new tweaks arrive in cydia sometimes some tweak arrives with the video toturial, so if i find that interesting i see it, cuz that tweak its new and no one has done a toturial yet, like IDB or etc. thats why i see them anyway thanks

      • Marcus

        Ok I understand that then. Well I hope you can figure out your problem. I have no idea what could be causing that.

  • onesimpleclik

    Hopefully with this acquisition, Google will do something to fix Twitch’s horrible streaming speeds.

    • Rowan09

      They still can’t get YouTube right so I doubt it.

  • GambitGamer

    That’s it? Poor Twitch #FirstWorldProblems #StillABillion

  • saradduclos

    Start working at home with Google! It’s by-far the best job I’ve had. Last Wednesday I got a brand new BMW since getting a check for $6474 this – 4 weeks past. I began this 8-months ago and immediately was bringing home at least $77 per hour. I work through this link, go to tech tab for work detail

    ✒✒✒✒✒✒ Jobs700.Com


    • Marcus

      Get reported 😀

  • Nooooooooooooooooo…to be continued…oooooooo

    Google always ruin good products and services once they take them over 🙁

  • JR

    Great another way for Google to ask us to use google+….

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