Google has reportedly reached a deal to buy livestreaming video network Twitch for US$1 billion, according to a VentureBeat report citing "sources familiar with the matter".
Twitch, which was launched in 2011 by Justin.tv co-founders Justin Kan and Emmett Shear, is the Internet's premier service for livestreaming gameplay sessions and eSports. According to Twitch, the service has more than 50 million active users. Both the PlayStation 4 and Xbox One allow users to broadcast gameplay directly to Twitch and other sites, and Twitch users can watch video and chat with others on the web and through apps on a bevy of platforms.
Rumors about a possible deal began circulating back in May, when sources said Google offered an all-cash purchase. Google already owns the web's largest streaming video platform, YouTube, which it acquired in November 2006 for $1.65 billion.