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Amazon Jeff Bezos

Purchases Twitch for over $1 billion

25 Aug, 2014

Amazon acquires Twitch, the live stream video gaming site, for over $1 billion after Google withdraws from the purchase. The deal includes a cash pay of $970 million, nearly 20 percent of Amazon’s reserve revealed in the latest quarterly report. Amazon now owns a “YouTube” type platform with the ability to reach the young men. During 2013, over half of the total viewership watched video game playing for 20 hours weekly. Bezos:

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 games each month.