Amazon to buy video site Twitch for $1 billion

August 26, 2014 00:31

Amazon.com Inc has agreed to acquire Twitch Interactive Inc, a live-streaming service for videogame players, for more than $1 billion, according to a person who has been briefed on the matter.

Three months ago, Variety first reported that Google was set to purchase the site for the same amount, but we've yet to hear anything official from either company. We've been starting to wonder if the Google/Twitch deal would ever become official; and if Twitch is still courting other suitors, it would explain why that deal has yet to happen.

The site live streams video game footage to 45 million viewers a month, and it has been cleaning up lately with aggressive copyright enforcement and a mass deletion of old videos, possibly in an effort to attract a buyer.

According to the report, an Amazon/Twitch deal "could be announced shortly."

« Back to LIVE

TOP STORIES

Tesla begins formal talks with govt

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines...

Phase 1: 60% turnout till 5 pm; stray violence reported in Bengal

Minor EVM glitches were reported at some booths in Tamil Nadu, Arunachal Pradesh, Andaman and Nicobar Islands and Assam.

RCB Restores Bengaluru Lakes

RCB cricketers will don green jerseys in their IPL 2024 game against the Kolkata Knight Riders at the Eden Gardens on Sunday, April 21, 2024.

Rana Kapoor to walk out of jail after four years

A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years. The Enforcement Directorate (ED) arrested Kapoor in...

Congress stung as Pinarayi gives it back to Rahul

Kerala Chief Minister Pinarayi Vijayan, on Friday, recalled "an old name of Rahul Gandhi" to attack the Congress leader, who a day earlier had wondered why the Marxist veteran was not jailed by the Bharatiya Janata Party government at...