TwitchLogoPurple 19 May

According to a report from Variety, YouTube has agreed to a $1 billion deal to acquire the game streaming service Twitch.

Variety, citing sources familiar with the agreement, claims the deal is an all-cash offer and it could be made official as soon as today. The report also noted that YouTube is preparing for U.S. regulators to challenge the deal if the acquisition raises anti-competitive concerns in the online-video market.

Speaking to The Verge, a source has claimed that Twitch evaluated bids from multiple companies including Microsoft. Twitch reportedly chose YouTube because it believes it is the best company to help it become “the definitive platform for watching and streaming live video gaming.”

However, according to a new report from The Wall Street Journal, two people “familiar with the matter” claim that the acquisition talks “are at an early stage” and the “deal isn’t imminent.”

Both YouTube and Twitch have declined to comment so far.

(via Polygon)