‘Google in Talks to Buy Video-stream­ing Site Twitch’

The Economic Times - - Business Of Brands -

Google Inc was said to be in talks to ac­quire video-stream­ing ser­vice Twitch, ac­cord­ing to a re­port in The Wall Street Jour­nal on Sun­day. The re­port said the size of the deal could not be learned and dis­cus­sions be­tween the par­ties were at an early stage. In ad­di­tion, the com­pany was said to be look­ing at rais­ing additional fund­ing in­stead of sell­ing it­self. Of­fi­cials at Google and Twitch de­clined to com­ment on the mat­ter. In Septem­ber 2013, Twitch raised $20 mil­lion in fund­ing from Thrive Cap­i­tal, WestSum­mit Cap­i­tal and Take-Two In­ter­ac­tive Soft­ware Inc, among other par­ties.

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