Amazon beats Google to Acquire Twitch for $970 Million

In July we reported that Google was close to acquiring Twitch.tv for $1 billion. It however appears that Amazon was in the race too and in the end beat Google and now announced the $970 cash deal.

The popular streaming site which now has 55 million visitors per month was only started in 2011 as a spin-off from Justin.tv to focus on the growing segment of live-streaming for gamers. Earlier this month it was reported that Justin.tv was closing down.

Here is what Amazon said in a statement about the deal:

“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 minutes of games each month – from ‘The International,’ to breaking the world record for ‘Mario,’ to gaming conferences like E3,” Chief Executive Jeff Bezos said in a statement.

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