Back in May, rumors surfaced (courtesy of Variety sources) that Google was planning to purchase live streaming platform Twitch by way of 2006 acquisition YouTube. The buyout was reportedly set at $1 billion, a hefty sum considering the large figures already invested in Twitch by corporations like Take-Two Interactive and Bessemer Venture Partners.

While the news was anywhere but final due to both the unconfirmed nature of the reports and possible pushback from the United States’ Justice Department on grounds of anticompetitive issues, VentureBeat is reporting that the purchase has now been confirmed by their own sources who are familiar with the discussions.

As the world’s largest platform for live broadcasts and the site used almost exclusively for tournament streams, Twitch’s purchase could have significant impacts on the way folks in the fighting game community view events they cannot attend in person.

Details on when this deal will be formally announced are still undetermined at this point in time, so stay tuned for more information.

Source: VentureBeat