Posted on August 25, 2014 AT 01:25pm
Amazon and Twitch have reached an agreement for the former to acquire the videogame streaming service, the companies announced today.
“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—from The International, to breaking the world record for Mario, to gaming conferences like E3,” Amazon founder and CEO Jeff Bezos said in a press statement. “And, amazingly, Twitch is only three years old. Like Twitch, we obsess over customers and like to think differently, and we look forward to learning from them and helping them move even faster to build new services for the gaming community.”
Just a few months ago, rumors emerged that Google-owned YouTube was set to acquire Twitch for a whopping $1 billion, but further details about the deal never arose. Amazon’s agreement to acquire Twitch is for $970 million.
Amazon had been investing in videogame-related persons and studios leading up to and following the reveal of Amazon Fire TV, including the acquisition of Portal designer Kim Swift and the original developer of Killer Instinct on Xbox One, Double Helix Games. There’s no indication that Twitch’s nature of service will change with the acquisition, however. In fact, its CEO Emmett Shear seems to think this will only strengthen their service for consumers.
“Amazon and Twitch optimize for our customers first and are both believers in the future of gaming,” Shear said in his own prepared statement. “Being part of Amazon will let us do even more for our community. We will be able to create tools and services faster than we could have independently. This change will mean great things for our community, and will let us bring Twitch to even more people around the world.”
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