Google’s giant video website Youtube is set to buy Twitch in a reported $1 billion cash deal. Neither party has commented on the matter but Variety.com who has a very reputable reputation when it comes to deals like this broke the story on it yesterday. Variety states that YouTube is preparing for U.S. regulators to challenge the Twitch deal, according to sources. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market.
Lots of gamers and streamers on Twitch are concerned about this given Youtube’s recent rash of controversy surrounding it’s takedowns and false flags for copyright infringement as recently as December last year.
Time will tell whether or not we’ll be seeing good things coming from Twitch’s new parent company providing some funding or if we’ll be staring at “This stream is not available in your country” screens.