YouTube to feel Twitch in $1bn acquisition

May 20, 2014 • Mark Chatterley

The Take-Two backed social video platform is set to be bought in a deal that would top the $1bn mark.

Online video streaming company YouTube is said to have bought US-based live-video streaming service Twitch, backed by Take-Two Interactive Software, for more than $1bn, Variety has reported.

Twitch focuses on streaming live gaming videos, from individual “let’s plays” where users watch others play games to professional gaming competitions.

Take-Two Interactive Software, a developer, publisher and distributor of computer games, invested in Twitch’s $20m series C round in September 2013, along with venture capital firms Bessemer Venture Partners, Alsop Louie Partners,…

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