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Amazon buys Twitch for $970 million

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In a surprise move, Amazon was the one who finally snapped up Twitch (the video streaming site for gamers) for $970 million in cash. This development happened after Google dropped their intent to buy Twitch some 3 months ago.

Google’s offer back in May was in the vicinity of $1 billion so Amazon’s $970 million offer isn’t far off.

Twitch

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Google may have dropped the offer to buy Twitch earlier due to some anti-trust concerns since they also own YouTube which also has similar services as Twitch. Twitch attracts 55 million monthly viewers.

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Amazon, on the other hand, is developing its Fire TV and could be using Twitch as one of its exclusive online channel. Twitch is Amazon’s biggest acquisition since Zappos in 2009 (at $850M).

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech. You Can follow him on Twitter @abeolandres.

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