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Amazon to Buy Video Site Twitch for More Than $1 Billion - DJ

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Amazon.com Inc. has agreed to acquire Twitch, a live-streaming service
for videogame players, for more than $1 billion, according to a person who
has been briefed on the matter.
The deal could be announced as soon as Monday, the person said.
Google Inc. had earlier been in talks to acquire Twitch, but those talks
cooled in recent weeks, according to people familiar with the matter.
Twitch, launched in June 2011, is the most popular Internet destination
for watching and broadcasting videogame play. The startup raised $20 million
from investors, including Thrive Capital and videogame-maker Take-Two
Interactive Software in September.
News of the acquisition was earlier reported by tech website The
Information.
Write to Douglas MacMillan at douglas.macmillan@wsj.com

Posted-In: News

 

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