Amazon Buys Twitch
Amazon Buys Twitch
Published: 25th August 2014 | Source: twitch |
Amazon Buys Twitch for $970 Million
Despite what many reports said earlier this year suggesting, Google, through its YouTube subsidiary, did not acquire Twitch.
Today it has been announced by Twitch itself that they have been acquired by Amazon in a deal where Amazon will purchase all outstanding shares of Twitch for roughly $970 million in cash. This deal has been approved by Twitch's shareholders and should be completed sometime later this year.
This is what Twitch's CEO Emmett Shear had to say;
"Today, I’m pleased to announce we’ve been acquired by Amazon. We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We’re keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon’s support we’ll have the resources to bring you an even better Twitch.
I personally want to thank you, each and every member of the Twitch community, for what you’ve created. Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they’d get to help shape the face of the industry that we love so much.
It’s dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us."
Twitch is the largest live-streaming website in the United States by a wide margin, and this year has started to expanded into non-gaming ventures, like streaming concerts and other live content.
Now with mayor company backing them Twitch should see further development and global recognition, but with that comes many other consequences, the first and notable being Twitch's recent crack down on copyrighted music content.
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