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Amazon confirms it's buying Twitch for $970M

27/08/2014 13:25:00

Amazon confirmed yesterday that it has reached an agreement to buy video game livestreaming service Twitch for $970 million.

 

Confirmation of the deal comes after multiple reports that pegged Amazon's buyout of Twitch at more than $1 billion. Earlier reports indicated that Google-owned YouTube was eyeing Twitch for a purchase.

 

"Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month — from The International, to breaking the world record for Mario, to gaming conferences like E3. And, amazingly, Twitch is only three years old," said Jeff Bezos, founder and CEO of Amazon.com in a release. "Like Twitch, we obsess over customers and like to think differently, and we look forward to learning from them and helping them move even faster to build new services for the gaming community."

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