Amazon to buy game streaming service Twitch for $970 million

Amazon’s amazon twitchinterest in the video game world is taking a huge step forward with Monday’s $970 million deal to buy game streaming service Twitch Interactive.

The all-cash deal, which came out of the blue after months of unconfirmed reports that Google’s YouTube unit was about to buy the company, will give Amazon an extraordinarily popular streaming video arm—one that could actually rival YouTube. It also continues the company’s ongoing efforts to assume a significant role in the gaming industry.

Read more at CNBC.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s