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Youtube (Google) buying out Twitch for 1 Billion

Twitch/Youtube Merger
Variety.com

On May 18th, Variety sources that the largest popular game streaming site Twitch.tv recently signed a deal with media giant Youtube.com. That being said, Twitch and its streaming services will now be a part of the massive “Google Family”, which includes Youtube, Mozilla, Google+, GoogleTV, and an ever growing assortment of other merging companies.

For those who don’t know, Twitch (originally known as Justin.tv) was founded by co-founders Justin Kan and Emmett Shear in 2011 for around 35 million from Investor fund raising. It only took them less than 4 years to not only be bought out for over double of what it was initially worth, but along the way became the fastest growing streaming site on the internet.

With the new buyout, being only second to Google’s 1.65 billion buyout of Youtube back in 2006, Google will now have the majority of the online video market under its belt. What this means to us is that Twitch will more than likely be integrated with Youtube and Google+ as well as being more easily accessible. Currently, this buyout is under scrutiny by the internet and many of twitch's avid users, but only time will tell whether or not this will be a good/bad thing for the end users.