Google Inc's YouTube unit has reached a deal to acquire videogame-streaming service Twitch for more than $1 billion, according to a report in Variety, the entertainment news publication.The all-cash deal is expected to be announced "imminently," according to the report on Sunday, which cited unnamed sources.Officials at Google and Twitch failed to comment on the matter.San Francisco-based Twitch allows consumers to broadcast live video streams of themselves playing videogames and includes social networking features that allow video game fans to communicate with each other during the broadcasts. The company says more than 45 million gamers visit its site every month.
Google Inc. (Google), is a global technology company. Shares of GOOG traded higher by 1.44% or $7.48/share to $528.11. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 2475440 shares of GOOG exchange hands on a given day and today's volume is recorded at 783911.
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