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Amazon acquires Twitch

Amazon acquires Twitch

Mon 25 Aug 2014 5:58pm GMT / 1:58pm EDT / 10:58am PDT
BusinessMediaFinancial

Online retailer buys video streaming service for $970 million in cash

Amazon

Amazon.com strives to be Earth's most customer-centric company where people can find and discover virtually...

amazon.com

Amazon has reached a deal to acquire video-streaming service Twitch, according to a report from The Wall Street Journal. The site attributes the news to a person who has been briefed on the matter. The Information also reported on the deal being close to finalized, citing two different sources with the news.

Just over three months ago, Variety reported that Google had reached a deal with Twitch that would see it acquire the company for $1 billion. The Wall Street Journal says the Amazon deal is for more than $1 billion, and could be announced as early as today.

[UPDATE]: Twitch and Amazon have made the deal official, saying that the retailer will purchase Twitch for $970 million in cash, with an expected closing date later this year. Twitch shareholders have already approved the deal.

"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 Amazon founder and CEO Jeff Bezos. "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 Emmett Shear said the deal would let Twitch do more for its community.

"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."

4 Comments

Christopher Ashton Carlos Software Programmer

17 50 2.9
I haven't personally been excited by watching streaming games from individual gamers, but I have to admit that I have used Twitch as a platform for watching tournaments on games. From Pokemon to DOTA to League of Legends and even smaller community based streams, I have found those at least more interesting. I like to watch communities coming together and having fun, and sometimes when I know I can't be there to watch it, I like to be able to watch it, and Twitch lets me do that.

Posted:3 months ago

#1

Matthew Hardy Studying Multimedia/Game Design, ITT Technical Institute

42 105 2.5
A massive push for YouTube live streaming starts in 3...2...1...

Posted:3 months ago

#2

Christopher Ingram Editor-at-Large, Digitally Downloaded

52 45 0.9
I think I shall have to order a physical video game and have it delivered via Prime Air drone delivery, while watching Twitch next year, just to give Jeff Bezos a salute for a job well done.

Posted:3 months ago

#3

Jeff Kleist Writer, Marketing, Licensing

376 226 0.6
I've actually been thinking a lot about the drones. I don't know how viable they'll be in many urban environments. The "canyon" effect for example, and the lack of places to crash without harming the drone, it's cargo, or pedestrians is all a major issue. Seems to me to be most viable for rural areas.

Posted:2 months ago

#4

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