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.
We've seen a few odd cases of accidental self-incrimination before, but this just may be the first time ever in the history of YouTube that someone has publicly confessed to his crime in a video clip. On September 3rd, Ohio's non-profit group Because I Said I Would released a video showing a mosaic-censored white male confessing to hitting and killing a 61-year-old man named Vincent Canzani while drunk driving back in June. The man, who eventually reveals his face and identifies himself as 22-year-old Matthew Cordle in the same video, has been since arrested on charges of aggravated vehicular homicide and operating a vehicle under the influence and is now facing a maximum sentence of eight and a half years in prison.