YouTube buying Twitch for over $1m

YouTube has reached a deal to buy the popular videogame-streaming company, Twitch, for more than $1 billion, Business Insider reported, citing Variety.

Twitch is a video service that lets XBox or Playstation 4 gamers live-stream their gameplay to thousands of viewers simultaneously. More than one million people recently teamed up on the site to beat a Pokemon game after 390 hours of playing; the community is both vast and strong.

Although YouTube is by far the largest online video platform, its live-streaming services aren't nearly as widely adopted as Twitch's, which is presumably why it would want to buy the startup.