Market Overview

Rumor Mill: Amazon, Not Google, To Buy Twitch For $1 Billion

Share:
Related AMZN
From Nike To Netflix: What Teens Love And Hate In 2017
Hasbro Has Upper Hand This Holiday Season, According To Amazon
Bruce Berkowitz Steps Down From Sears Board but Remains Invested (GuruFocus)
Related GOOGL
Live Sports Could Be The Next Boon For Big Tech
5 Tailwinds That Could Carry Yext Shares Higher
Diversified Trust Co Buys iShares MSCI EAFE Value, iShares Edge MSCI USA Momentum Factor, ... (GuruFocus)

(UPDATE: Amazon has confirmed the purchase of Twitch. The purchase price is around $970 million in cash.)

Amazon.com (NASDAQ: AMZN) is reportedly on the verge of acquiring the privately held video game streaming service called Twitch for $1 billion.

A deal "could be announced shortly," according the website information.com, which cited unnamed sources that said the company's are in "late stage" talks.

The story marks a sharp departure for the rumor mill, which has been abuzz for months that Google's (NASDAQ: GOOGL) YouTube is on the verge of signing the same $1 billion deal with Twitch, a video game streaming service formerly called Justin.TV.

Variety said in May that the Google deal would be all cash and announced "imminently."

The Google story resurfaced late last month and was said to have signed a definitive agreement with Twitch.

Posted-In: Twitch YouTubeNews Rumors Intraday Update

 

Related Articles (AMZN + GOOGL)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...