Amazon to Acquire Twitch in $970m deal

Twitch launched in June 2011 to focus exclusively on live video for gamers, Inc. sent out a press release announcing that it has reached an agreement to acquire Twitch Interactive, Inc., a live video platform for gamers. Under the terms of the agreement, which has been approved by Twitch's shareholders, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items.
Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.