A new report from The Wall Street Journal claims that Google could be looking to acquire video streaming site Twitch for an estimated $1 billion. The WSJ is citing insider sources for this report and the deal seems plausible given the rising popularity of the streaming service over the past couple of years.
Twitch has turned out to be a major player in the streaming segment, an area where YouTube still has some improving to do. The report claims that while Google might be looking to acquire the service for a hefty $1 billion, Twitch might not be receptive to it and could well ask for additional funding from its investors to keep it going strong.
It is still early days in the deal and Google or the people behind Twitch are yet to come forward with a comment. It will be interesting to see if the deal goes through as Twitch leads the video streaming segment while YouTube rules the roost as far as video sharing is concerned.
If Google were to acquire Twitch, there is no doubt that they would allow it to function independently. At this moment though, it seems like Twitch might not be willing to budge for $1 billion given the hold it has in the streaming segment.
Source: The Wall Street Journal