Friday, August 15, 2014 11:48:51 AM
Gander.TV 15 Million users a month (June) = Company getting ready to receive 100,000 concurrent users! 20 times what they would of received in June!
Do the math guys! Our market cap will climb, its a matter of when not if.
Google has finally clinched a deal to buy videogame-broadcasting company Twitch for $1 billion, VentureBeat reported, citing anonymous sources.
Variety first reported in May that Google had reached a preliminary pact to acquire Twitch for $1 billion in cash, in order to augment its YouTube video site.
Reps for Twitch and Google declined to comment.
Twitch was created by the founders of Justin.tv, a website designed for users to “lifecast” themselves with online video. After a growing number of videogamers began using Justin.tv to broadcast their gameplay, the company launched the dedicated Twitch.tv service in mid-2011.
Privately held Twitch has raised about $35 million in funding — meaning the $1 billion deal is a significant windfall for its backers. Investors include Bessemer Venture Partners, Alsop Louie Partners, WestSummit Capital, Take-Two Interactive Software, Thrive Capital and Draper Associates. Twitch Interactive, which includes Justin.tv, has about 130 employees.
San Francisco-based Twitch says it has more than 45 million monthly users, who watch an average of 106 minutes of video daily. Users can upload and watch free, live gameplay videos from Microsoft Xbox One and Sony PlayStation 4 consoles. Twitch generates revenue through ads and as well as subscriptions, with about 300,000 paying members.
http://variety.com/2014/digital/news/google-seals-deal-to-buy-twitch-for-1-billion-report-1201268604/
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