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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.

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Bleeding money and being in acquisition talks are not mutually exclusive.

Maybe not, but it's bad strategy to give away that you're bleeding money while in acquisition talks.

As long as you don't end up like HP and Autonomy:

http://www.theguardian.com/business/2013/may/07/shareholders...

Oops. Yes, you're right - you almost certainly have to disclose it at some point. Don't take legal advice from me...

But... maybe having a huge archive of user videos and being owned by YouTube might be mutually exclusive.

Perhaps they want to make this change before the acquisition to spare Google the bad press of "shutting down yet another service".

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