Update: The Wall Street Journal reports the talks are at an early stage and a deal is not yet imminent.
Variety reports that Google has reached a deal to acquire the video game streaming platform Twitch for $1 billion. The move could provide YouTube with the resources to bolster its current live streaming platform, which doesn’t seem to be all that popular among its users. The entire amount will be offered in cash, according to the report.
Twitch has the distinct benefit of being the only live streaming platform built directly into both Microsoft’s Xbox One and Sony’s PlayStation 4 consoles. A YouTube buyout would essentially bring all of those next-gen streaming customers to YouTube’s platform, along with the countless users already streaming PC games.
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