Google reportedly acquires Gamer Video Site Twitch.TV for $1 billion

Washington, July 25: Google has reportedly acquired Gamer Video Site Twitch.TV for a whopping 1 billion dollars.

According to Deadline.com, if true, the deal would bring into the Google fold one of the biggest sources of online video traffic that isn’t already Google’s YouTube division, which is spearheading the deal.

Twitch, which specializes in live streams of game play, also has deals with many of the game-related live-event creators, such as the Evolution Championships for fighting games, Guild War 2 tournaments and the Gamestop Expo.

The site is reportedly backed by several prominent investors, including Draper Associates, Bessemer Venture Partners, Alsop Louie Partners, WestSummit Capital, Thrive Capital and Take-Two Interactive Software. (ANI)