Amazon buys Twitch for a whopping $970 million

amazon twitch

Streaming service Twitch now belongs to Amazon and the deal is expected to be completed later this year.

It’s interesting to see that Amazon went after a streaming service but they must have some solid plans if they were willing to shell out almost $1 billion for it.

Amazon were earlier rumoured to join the gaming market with their own console. However, that hasn’t materialized yet.

“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.”

It remains to be seem if Twitch will benefit under Amazon, but considering the latter has vast cash reserves it looks like Twitch made the right decision.

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