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Amazon Buys Gaming Video Platform Twitch

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Amazon has reached an agreement to acquire Twitch Interactive for $970 million. Twitch provides a  live video platform that lets gamers watch and broadcast video game play. The site Twitch.TV is extremely popular with gamers, with more than 55 million unique visitors viewing over 15 billion minutes of content in July.

Jeff Bezos (Founder and CEO of Amazon): Like Twitch, we obsess over customers and like to think differently, and we look forward to learning from them and helping them move even faster to build new services for the gaming community.”

The acquisition is expected to close in the second half of 2014.

[Image courtesy: Twitch]

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