Amazon buys live video startup Twitch for $US970m
Amazon.com snapped up live-streaming gaming network Twitch Interactive for about $US970m, the biggest deal in the company’s history.
Amazon.com snapped up live-streaming gaming network Twitch Interactive for about $US970 million in cash, marking the largest deal in the US ecommerce company's 20-year history.
The move, announced on Monday by the two companies, is an unusual step for Amazon, which has tended to prefer building from within or making smaller acquisitions. It reflects Chief Executive Jeff Bezos' resolve to transform Amazon into an internet destination beyond its core retail operations.
Reuters
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