GamesBeat reports that rumours earlier year regarding Google's plans to acquire streaming video service Twitch TV are accurate, according to "sources familiar with the matter", who say the YouTube-owner has just concluded a $ 1 billion offer to seal the deal.
In May, Variety declared that a deal would be announced "imminently" while The Wall Street Journal described talks between Google and Twitch as being "at an early stage".
Twitch, founded three years ago, has expanded rapidly to become the premier site for game streaming and eSports events. The company says that more than 50 million viewers watch games every month on Twitch and the service is integrated heavily into the social sharing options of both the PlayStation 4 and Xbox One.
In March of this year, Twitch accounted for 1.35 per cent of all internet traffic.
YouTube, the world's largest video streaming platform, was acquired by Google in November 2006 for $ 1.65 billion. Both Twitch and Google have yet to comment on the matter.