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

Report: YouTube to acquire Twitch for $1 billion

Two Twitchonline video titans are about to team-up.

Variety and The Wall Street Journal are both reporting that Google’s YouTube is in negotiations to buy video game streaming service Twitch. Variety says the deal has been reached, with a price of $1 billion. The WSJ, though, contends talks are still in an early stage.

Read more at Yahoo! Games