Amazon Buy’s out Twitch for Nearly $1 Billion

It has been confirmed that Amazon will acquire the company later in 2014. Amazon will acquire all of Twitch’s outstanding shares “for approximately $970 million in cash” by the end of the year.

“Amazon and Twitch optimize for our customers first and are both believers in the future of gaming,” said Twitch CEO Emmett Shear.

Shear added on the Twitch Blog, “We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We’re keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon’s support we’ll have the resources to bring you an even better Twitch.”

There has been no confirmation from either company as of now, but IGN has reached out to Twitch for comment. A person who was briefed closely on the matter said Amazon will purchase Twitch for more than $1 billion, according to tech blog The Information and the Wall Street Journal.   The same source also said the deal could go through as soon as today.

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Amazon Buying Twitch for Nearly $1 Billion – IGN.