itsyoung!!
Veteran
hes just making a point.. he left out a lot of companies.. the real question is why you so upset he left out disney ?
hes just making a point.. he left out a lot of companies.. the real question is why you so upset he left out disney ?
cuz they own ESPN
Twitch chooses Google over Microsoft amid multiple buyout offers
Video game streaming startup believes YouTube is its best bet for mainstream success
By Sam Byfordon May 18, 2014 10:40 pm
By Sam Byford and Ben Popper
YouTube is indeed close to securing a $1 billion buyout of live streaming service Twitch, and will have fended off multiple suitors including Microsoft if the deal goes through, according to people with close knowledge of the talks. The two companies have agreed on a price and are working out details such as how independent the Twitch company and brand will remain, said one person close to the deal, who asked to remain anonymous. Twitch is said to have evaluated possible bids and decided on Google's YouTube as the best fit to help the company scale in line with its massive growth over recent years. Variety first reported details of the talks.
Twitch is said to believe that Google can help the company become what it wants to be — the definitive platform for watching and streaming live video gaming. The company raised $20 million from investors in 2013 and is likely to turn a profit this year. But capital isn't enough to allow Twitch to scale its technology and infrastructure to keep pace with its growth. It had plenty of offers from venture capitalists looking to give it more money, said the person, but what it needs is a partner that can help it handle massive amounts of live and user-generated video on a global scale. Despite not being well known beyond gaming circles, Twitch already pushes more traffic during its peak hours than titans like Facebook and Amazon. "To be quite honest, we can't keep up with the growth," Twitch marketing VP Matt DiPietro told The Verge last year, adding "That's a good problem to have."
Microsoft and others have made serious approaches to Twitch, said the person, but YouTube was deemed the better fit. It's unlikely that the gamer-friendly Twitch would have wanted any part of a deal that would tie the service to Xbox, as it's embedded in Sony's rival PlayStation console as well. A source familiar with the deal says that Twitch likely would have rejected a billion-dollar offer from other companies, but was willing to accept it as part of a partnership with YouTube.
YouTube dipped its toe into the game-streaming waters by introducing an API at last year's Game Developers Conference, but the effort never got much traction in the community — it only opened live streaming capability to all in December. Twitch, meanwhile, has huge mindshare among the video game audience, as evidenced by its role as the streaming platform for all major e-sports tournaments, giving it command over a lucrative advertising demographic. The proposed deal can be compared to Facebook's $1 billion acquisition of Instagram back in 2012, where an established giant snapped up a fast-growing startup it saw as a potential competitive threat.
Twitch chooses Google over Microsoft amid multiple buyout offers | The Verge
Youtube is buying in straight cash.
FB is overpaying for alot of shyt to compete and I think alot of it would have been in stock
glad i choose software development as a career...i mite just be one innovative program away from a million dollars....shyts crazy to think about tbh
You don't even have to think of no complex shyt. Just try and solve problems you encounter in your everyday use.
I just talked to a dude on reddit who made a google chrome extension that helps stream youtube videos. He turned down $120k for 7%
Streaming YouTube music made simple by Google Chrome - Streamus
add FB to that list lol
And Microsoft.
bbasically. anyone with aptitude knows snapchat is not a two billion dollar company and whatsapp isnt worth 19 billion. snapchat on a discounted cash flow basis could never be as it stands right now
fair enough. i feel like theyve snatched up enough tho...what have they acquired since lucasarts
that extension is pretty fukking dope breh
It's a simple idea too. But it does take some programming knowledge to implement. Dude has done no advertising (paid or otherwise) and he already has 100k weekly users and is gaining. 3-5k more per week.
He initially posted it on reddit, and it caught on there. The people at TechCrunch hit him up after the reddit post and they did an article on it. From the article a bunch of ppl hit him up with equity offers (10k-100k). The guy who made this About Us – Brotips® (backed by Marc Cuban) hit him up, and he was going to help him quick flip the company but dude wasn't trying to do all that. He's not really in it for the money.
He then turned down YCombinators $120k for 7% offer (I have no idea why he turned this down, well he told me why but I don't necessarily agree. I'm still scratching my head at that one)
Y Combinator
that does...?
ltheghost
Payin Debts.... N40
And here comes the fukkery.