Amazon buys Twitch for $970 million
Aug25
In a deal that seems a bit confusing at first look, Amazon has purchased Twitch for $970 million in cash. The Information broke the story this morning of the online retailer making a play for the video game streaming site. Google had been rumored to interested in Twitch to bolster YouTube. In fact, it looked as if Google and Twitch had finalized a deal, but Amazon swooped in and purchased the company. Twitch CEO Emmett Shear stated in a post about the acquisition: Today, I’m pleased to announce we’ve been acquired by Amazon. We chose Amazon because they believe in our community,…
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