Amazon has announced an agreement to acquire Twitch Interactive, a real-time video platform for gamers. Prior to the disclosure, rumors had been building that it was on track to snatch Twitch from Google, which reportedly had been very close to buying it. The pending acquisition was rumored to be for upwards of $1 billion. However, Amazon said it was buying the company for approximately $970 million in cash. The deal is expected to close in the second half of this year. Twitch’s shareholders already have approved it.
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Amazon Pulls a Twitch on Google
Posted by: Erika Morphy August 25, 2014 04:34 PMAmazon has announced an agreement to acquire Twitch Interactive, a real-time video platform for gamers. Prior to the disclosure, rumors had been building that it was on track to snatch Twitch from Google, which reportedly had been very close to buying it. The pending acquisition was rumored to be for upwards of $1 billion. However, Amazon said it was buying the company for approximately $970 million in cash. The deal is expected to close in the second half of this year. Twitch’s shareholders already have approved it.