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Amazon.com, Inc. is an American company founded by Jeff Bezos in 1994. The company sells books, hardware, groceries, apparel, and millions of other products, as well as online services such as instant video, streaming music, and its own branded entertainment on its retail websites. Amazon has both a United States and international arm, and is known for the Kindle e-reader and the Fire smartphone.

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25 Aug, 2014

Purchases Twitch for over $1 billion

Jeff BezosAcquisition0 Comments

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.