Amazon goes shopping

26 August 2014

twitch Amazon.com have bought live-streaming gaming network Twitch and they've paid $970 million for it too.

In cash.

They'd been in a bidding war with Google for Twitch, which allows gamers to broadcast live streams from PCs, XBox and PS4 consoles of themselves playing video games.

Twitch, who we banged on about here, also run gaming events and redistributes content from Joystiq, Gamespot, and Destructoid, Manvsgame and more.

Twitch also has 55 million visitors, which might have something to do with the keen interest from both companies.

This is seen as another step in Amazon's strategy to big up their entertainment services, and video games are a big old market where cash literally grows on trees (especially in the online game 'Cash Trees' where you play a tax-dodging entity having to hoover up as much cash off trees or something).

But what has Jeff Bezos to say, hmmm?

“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.”

Tens of millions. Bet his pants tightened at that.

TOPICS:   Games

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