Over the weekend, YouTube successfully purchased the streaming site Twitch for the equivalent of one Scrooge McDuck vault, filled to the brim with coins. For those of us who like to think in terms of real money, that’s $1 billion. The best part? It’s an all-cash deal so co-founders Justin Kan and Emmett Sheer can actually replicate the infamous Scottish duck’s fantastical vault/recreational pool.
This brings Twitch into the Google family, as the search engine giant purchased YouTube for $1.65 billion back in 2006. It has also been reported that Microsoft was among the bidders for Twitch, but game streaming service chose YouTube because it was a better fit for future plans for the site. Twitch has even stated that they would have turned down a $1 billion offer from any company that didn’t mesh with what they’re trying to do.
The two companies are now working out the details of the merger, including how much autonomy the Twitch site will keep.