Report: Google deal to acquire Twitch for $1 billion is so on

Google has acquired Twitch for $1 billion, Venture Beat reports, citing people "familiar with the matter." This follows a report in May that Google (via YouTube) was in talks to acquire Twitch. Twitch offered no comment on the new claim.

Venture Beat notes that details are scarce on the deal and the precise purchase price is still unknown, but early Twitch investors "are pleased that they will be getting significant returns that are multiple times the amount they originally invested."

Reports from May place YouTube at the head of the acquisition. Twitch, after all, is a live game streaming site, and YouTube handles all things in online video.

[Image: Twitch]