Amazon has just confirmed the acquisition of Twitch for $970 million.
Popular streaming website Twitch has just been acquired by Amazon for almost $1 billion which will be paid out in cash. There was an early rumor that YouTube (owned by Google) is looking to purchasing the company, though in the end it was Amazon who managed to win the bid.
Twitch has become a genuine platform for streaming content, which was mostly used by gamers to stream their gameplays. It has become so popular that the current generation consoles – the Xbox One and the PlayStation 4 – have built-in Twitch support so you can easily show everyone how good your skills are on Call of Duty.
Emmett Shear, CEO of Twitch said in a statement “It’s almost unbelievable that slightly more than 3 years ago, Twitch didn’t exist. The moment we launched, we knew we had stumbled across something special. But what followed surprised us as much as anyone else, and the impact it’s had on both the community and us has been truly profound.”
Amazon also released a release about the acquisition. “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. And, amazingly, Twitch is only three years old,” said Jeff Bezos, founder and CEO of Amazon.com.
We don’t know yet what will happen with Twitch’s steaming service, it seems Amazon has a lot of plans for it, considering there has been a push for some of its online services.
How do you feel about the acquisition? Do you think it will affect Twitch’s already great service? Let me know what you think.