Sources are saying that we should expect an upcoming announcement very soon that gaming streaming service Twitch has been acquired by Google. The sale price for Twitch is said to be $1 billion, but that is unconfirmed at this point.

Sources claim that while the deal with Google is still being finalized, Microsoft lost out on a chance to acquire the streaming service as it simple was outbid by Google. Google apparently believes that Twitch fits well with YouTube and other properties that are in the Google Empire.

It is unknown if Twitch will retain its branding an independence from the Google mother ship, but whispers says that those are among the sticking points which is holding up the closing of the deal. Expect to hear more about this deal getting done in the weeks ahead.