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Amazon buys video gamer site Twitch for $970M

In its largest cash deal ever, Amazon will acquire the popular video gameplay broadcasting site.
2014-08-25 19:41 by
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After months of rumors suggesting that Google is preparing to buy the video game live-streaming service Twitch, Amazon officially announced today that it will acquire Twitch by purchasing all of its outstanding shares for approximately $970 million in cash. The acquisition is expected to close in the second half of 2014.

San Francisco-based Twitch enables people to broadcast their own gameplay sessions on the PC, Xbox One, or PlayStation 4 to online viewers, as well as chat with other players. Last month, Twitch said it had more than 50 million monthly active users and more than 1.1 million members who broadcast videos each month.

Twitch's confirmation of the Amazon acquisition was posted on their official blog earlier today as well:

A Letter from the CEO - August 25, 2014

...

Today, I'm pleased to announce we've been acquired by Amazon. We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We're keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon's support we'll have the resources to bring you an even better Twitch.


Read more -here-

 

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