Rumors are circulating that Google's YouTube video service is in talks to buy out streaming service Twitch. According to reports in the Wall Street Journal and Variety, those talks are still in the preliminary stages. The deal is rumored to be worth $1 billion to Twitch if it comes to fruition.
Twitch was launched in June 2011 by Justin.tv co-founders Justin Kan and Emmett Shear and focuses on live video game streams and eSports broadcasting. The site has more than 45 million visitors per month and recorded 1 million monthly broadcasters earlier 2014.
According to Variety's report, YouTube is preparing for U.S. regulators who might challenge the Twitch acquisition deal on the grounds that the move would prove to be anticompetitive. According to WSJ's story, YouTube and Twitch are still in an "early stage" of discussion and the "deal isn't imminent."
We'll have more on this story as it develops.