Twitch has 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. “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.”
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."
Despite earlier
reports that Google had reached a deal to buy Twitch for $1 billion, new
reports suggest that Amazon is in late-stage talks with the livestreaming
service.
There has been no
confirmation from either company as of now, 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.
Initial rumors
originally surfaced in Variety in May, and were subsequently supported by
reports from WSJ, in which the deals were reportedly far from complete.
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