LINKEDINCOMMENTMORE

Google-owned video service YouTube may be on the verge of a major acquisition.

Variety reports YouTube will acquire Twitch, the video game streaming service that surged in popularity with the launch of the PlayStation 4 and Xbox One, for $1 billion.

The report, which cites "sources familiar with the pact," is an all-cash offer and will be announced imminently.

Twitch declined comment to USA Today on the report.

The service allows video game players to stream live action from their devices. Initially available on PC, Twitch launched apps for the PS4 and Xbox One video game consoles that let users directly broadcast their gameplay from the device.

Twitch claims about 45 million visitors to its site each month.

Read or Share this story: http://on.wtsp.com/1ndn5cF