Report: Google proceeds with $1 billion Twitch.tv buyout


— 6:00 AM on July 25, 2014

Remember those rumors about Google seeking to buy Twitch.tv? Well, the buyout is a done deal, according to VentureBeat.

Quoting "sources familiar with the matter," the VentureBeat folks says Google has "signed a deal" to purchase the game streaming service for a cool billion bucks. They add:

We don’t know everything about this deal, such as when it will be announced and the exact purchase price. We do know that Twitch investors who participated in past rounds are pleased that they will be getting significant returns that are multiple times the amount they originally invested.

Yeah, if I were a Twitch.tv investor, I'd also be pretty thrilled right about now.

Google and Twitch.tv refused to comment when contacted by VentureBeat, so there's no official word yet about any of this. Guess we'll have to stay tuned.

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