Amazon Acquires Twitch for $970 Million - NewsWilliam D'Angelo, posted on 25 August 2014 / 3,893 Views
News has broken that Amazon has acquired video game streaming site Twitch for $970 million. Twitch shareholders have approved of the deal. Both Amazon and Twitch have released statements over the deal.
"Today, I’m pleased to announce we’ve been acquired by Amazon," said Twitch CEO Emmet Shear in a letter to the Twitch community. "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."
"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. And, amazingly, Twitch is only three years old," said Amazon founder and CEO Jeff Bezos. "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."
Twitch has more than 55 million visitors per month and in March of this year accounted for 1.35 percent of all internet traffic. This is more traffic than HBO GO.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at email@example.com or on Twitter @TrunksWD.