Earlier this year tech giant Google laid down some serious cash to buy satellite imaging company Skybox for $500 million, but it seems that they weren’t quite done with acquiring companies. According to sources, its latest acquisition is game live-streaming service Twitch for $1 billion.
The details of the deal is still pretty sketchy, and neither Google nor Twitch as said anything in public yet.
It wouldn’t be such a far-fetched idea of a surprise if the report are in fact true, as Google openly held talks with Twitch two months ago regarding a possible take-over. Back then it was rumoured that YouTube was involved, which also belongs to Google.
The process would have to go through the usual regulatory filings and checks, but there are some concerns regarding Google’s move.
“Naturally, there are some concerns that a Google acquisition of Twitch would stifle competition for rival services, but the tried and true platform could certainly bolster Mountain View’s own streaming efforts. If nothing else, perhaps the deal will validate emerging market shared gameplay in the eyes of its doubters,” Engadget wrote.
Out of interest, since Google’s acquisition of Skybox Imaging, they have also purchased online adverting company mDialog, wireless tech company Alpental Technologies, home monitoring firm Dropcam (for $550 000), and music streaming service Songza.
We will definitely be keeping an eye on this one, and once everything has been confirmed, you’ll be the first to know.[Image – Twitch]