Amazon has acquired video game live streaming video service Twitch.tv for $970 million, following an earlier rumor that the company was looking to pay up to one billion.
"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. And, amazingly, Twitch is only three years old," said Jeff Bezos, founder and CEO of Amazon.com. "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."
Twitch will remain independent but will have Amazon's resources to "bring you an even better Twitch," added Twitch CEO Emmett Shear.
The live streaming company has over 55 million unique visitors and over 15 billion minutes of content published. Twitch is built-in to the Xbox One and the PS4 allowing for easy uploading of game footage right from the console.
Twitch will remain independent but will have Amazon's resources to "bring you an even better Twitch," added Twitch CEO Emmett Shear.
The live streaming company has over 55 million unique visitors and over 15 billion minutes of content published. Twitch is built-in to the Xbox One and the PS4 allowing for easy uploading of game footage right from the console.
