Amazon Acquires Twitch

Amazon Acquires Twitch

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Amazon today announced that it has reached an agreement to acquire Twitch Interactive, Inc., a leading live video platform for gamers.

In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations.

“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. “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.”

“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.”

Under the terms of the agreement, which has been approved by Twitch’s shareholders, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.

You can download Twitch from the App Store for free.

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Amazon Acquires TwitchAmazon Acquires TwitchAmazon Acquires Twitch

Amazon Acquires Twitch

Amazon Acquires Twitch
Justin - August 26, 2014 at 4:22am
I thought YouTube bought twitch, no?
Miyako - August 25, 2014 at 11:31pm
What is amazon going to do with Twitch? There's nothing wrong with that , but there are many things that could happen if two companies that have different outlooks clash.
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