Google Reportedly Backed Out of Purchasing Twitch Over Antitrust Concerns
Posted on Tuesday, August 26 @ 12:30:00 Eastern by Daniel Bischoff
While Amazon's purchase of Twitch may have surprised gamers, it probably wouldn't be shocking to hear that Google was in talks to purchase the streaming video content platform though the deal was soured by the possibility of anti-trust lawsuits.
Google already owns Youtube, which offers video content both paid and free, live-streaming and recorded, in addition to established revenue streams, though Twitch's growing popularity marks an obvious threat to Youtube's dominance in the space.
Amazon CEO and new owner of a shiny, 2014 four-door Twitch.tv (with plenty of cupholders for people to spam emoticons in) had the following to say via press release:
For many consumers, it can be hard to hear that corporations have to worry about things like "making too much money" and "having too many of the things people love". Hopefully the competition in online video pushes all areas of media forward.
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.
comments powered by Disqus