Update 7/24/14: VentureBeat reports that the deal has finally gone through, though nothing official has been announced by either company just yet. The waiting game continues.
The original post from May 18th continues below.
Google has reportedly succeeded in securing the acquisition of the game streaming service Twitch. If the deal goes through, Twitch will apparently become part of YouTube. The sale price is being reported as an even $1 billion in cash, which works out to exactly one Instagram.