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Amazon Buying Twitch In $1 Billion Deal

Despite reports earlier in the year indicating that Google will be purchasing video game streaming service Twitch for $1 billion, it has since been confirmed that Amazon is the company that will be buying Twitch for the same amount of money. Twitch has stated that Amazon will acquire the company in late 2014 “for approximately $970 million in cash.” 

“Amazon and Twitch optimize for our customers first and are both believers in the future of gaming,” said Twitch CEO Emmett Shear. “Being part of Amazon will let us do even more for our community. We will be able to create tools and services faster than we could have independently. This change will mean great things for our community, and will let us bring Twitch to even more people around the world.”

Shear added on the Twitch Blog, “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.”