Well… crap. It looks like the YouTube arm of Google is in talks to purchase Twitch. Variety, while not my first choice of source for these issues, claims that the deal is basically done, excluding regulatory involvement, and valued at $1 billion USD in cash. These details are apparently disputed, however, by sources which claim that a deal is in progress but is no-where near the stage that Variety reports.
For us, this will probably suck. It seems like Twitch is much easier to deal with than YouTube when it comes to copyright issues, at least from my observation point. Beyond that, it is doubtful that Google will leave the service as an independent entity. It would not surprise me if Google transitions existing Twitch streaming contracts to YouTube Live and slowly dissolves what is left.
Speaking of what is left, no source seems to be clear on whether this deal is for all of Twitch Interactive, including Justin.tv. The company was rebranded just recently, mid-February of this year, to "Twitch Interactive". Previously, it was known as "Justin.tv", after its older sibling website.
What does our audience think? Can any good come from this?