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Justin.tv owns Twitch, which is recently rumored to be in acquisition talks with Youtube for $1bil. I don't think they're bleeding money at this point.
by taurath 12y ago
Justin.tv owns Twitch, which is recently rumored to be in acquisition talks with Youtube for $1bil. I don't think they're bleeding money at this point.
- kevinflo 12y agoBleeding money and being in acquisition talks are not mutually exclusive.
- ajb 12y agoMaybe not, but it's bad strategy to give away that you're bleeding money while in acquisition talks.
- huxley 12y agoAs long as you don't end up like HP and Autonomy: http://www.theguardian.com/business/2013/may/07/shareholders-sue-hp-autonomy-deal http://www.theguardian.com/business/2013/may/07/shareholders...
- ajb 12y agoOops. Yes, you're right - you almost certainly have to disclose it at some point. Don't take legal advice from me...
- jack-r-abbit 12y agoBut... maybe having a huge archive of user videos and being owned by YouTube might be mutually exclusive.
- lost-theory 12y agoPerhaps they want to make this change before the acquisition to spare Google the bad press of "shutting down yet another service".