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Amazon Acquires Twitch For $970 Million

Andrew Larder August 26, 2014 - 10:34 am

Amazon have announced that they will purchase the popular streaming platform Twitch, for USD $970 Million in cash. The deal is expected to close later this year.

Regarding the acquisition, Amazon CEO Jeff Bezos said “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.”

Twitch CEO Emmet Shear said that the deal would allow the company to do more for it’s users.

“We will be able to create tools and services faster than we could have independently,” Shear said. “This change will mean great things for our community, and will let us bring Twitch to even more people around the world.”

Source: Twitch, Amazon Press Release

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