The deal, in an all-cash offer, is expected to be announced imminently, sources said. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion.
YouTube is preparing for U.S. regulators to challenge the Twitch deal, according to sources. YouTube is far and away the No. 1 platform for Internet video, serving more than 6 billion hours of video per month to 1 billion users worldwide, and the company expects the Justice Department to take a hard look at whether buying Twitch raises anticompetitive issues in the online-video market.
Update: This happened.
Google's newest doodle is the product of a contest asking children to design an invention that would improve the world. Audrey Zhang designed the "transformative water purifier" that you can see on the Google home page. Needless to say this is one ridiculously talented young illustrator.