‘Google held acquisition talks with Twitch’

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YouTube1 Reuters.

San Francisco - Google has held talks to purchase video service Twitch Interactive to boost its YouTube site, according to a person with knowledge of the matter.

With Twitch, Google would gain a platform that has more than 45 million active viewers a month.

The San Francisco-based company acts as a social gathering place for video gamers, letting them discuss games or watch other players.

Twitch is available on Sony’s PlayStation 4 and Microsoft’s Xbox One game consoles.

Variety reported earlier this week that the two companies are in talks on a transaction that could value Twitch at about $1 billion.

Tim Drinan, a spokesman for Mountain View, California-based Google, declined to comment yesterday, as did Matthew DiPietro, vice president for marketing at Twitch.

Walt Disney’s recent agreement to purchase Maker Studios for as much as $950 million has set off a scramble among well-capitalised companies to invest in or acquire online video companies that have a large viewer base.

Google is stepping up efforts to bolster its video offerings as more users go online to find such content.

YouTube was the No. 1 provider of video content in the US during March, according to ComScore.

Google has been on an acquisition tear as it looks to bolster services and attract more users.

The Web-search company acquired digital-thermostat maker Nest Labs for $3.2 billion in February, and it has made several smaller deals in the past few weeks.

Those include Stackdriver, a startup that specialises in helping companies use online computing services, and Adometry Inc. to boost its Web measurement and analysis services. - Bloomberg News

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