The long rumored acquisition of game-streaming service Twitch by Ad-Giant Google has finally been confirmed, in what is looking to be a $1Billion deal. The original rumor surfaced back in May of this year when an article appeared in Variety. There were rumors that Microsoft and even Facebook were also looking into a purchase.

The U.S. Federal Trade Commission approved Facebook's acquisition of WhatsApp, which was announced in February. Before finalizing the transaction, companies will have to wait for approvals from other international regulators in countries where both companies operate. However, the FTC's approval did not come without warning and instructions related to the issue that stood out as the most contentious - the protection of user data.

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Although Tumblr is often derisively described as a heaven for hipsters and misunderstood teenagers, it does not change the fact that it is one of the largest blog services that exist. Tumblr now has over a hundred million blogs, hence rumors that Yahoo wants to buy it for a billion dollars does not really sound surprising.