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Amazon.com to Acquire Twitch for $970 million in cash 2014.08.26

Seattle, USA - August 25, 2014 - Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers. In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations. 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 USD 970 million in cash, as adjusted for the assumption of options and other items.

Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 

Seattle, USA - August 25, 2014

Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers.

In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations.

Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of 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 Jeff Bezos, founder and CEO of Amazon.com.
“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 is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 
“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.”

Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 
Twitch launched in June 2011 to focus exclusively on live video 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.


Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 
Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.



About Amazon.com

Amazon opened on the World Wide Web in July 1995.

The company is guided by three principles: customer obsession rather than competitor focus, passion for invention, and long-term thinking.

Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of the products and services pioneered by Amazon.


Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 

About Twitch

Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.

Twitch’s video platform is the backbone of both live and on-demand distribution for the entire video game ecosystem.

This includes game developers, publishers, media outlets, events, user generated content and the entire esports scene.

In February 2014, The Wall Street Journal ranked Twitch as the 4th largest website in terms of peak internet traffic in the U.S., fortifying the brand as an entertainment industry leader and the epicenter of social video for gamers.

For more information, visit: www.twitch.tv  


Twitch is the leading live video platform and community for gamers where more than 55 million have gathered to broadcast, watch and talk about video games.
Photo courtesy of Twitch
 

Contacts

Amazon.com, Inc.
Media Hotline, 206-266-7180
www.amazon.com/pr  

or

Twitch
Chase, PR Director, Twitch

415-810-0995
chase@twitch.tv  
@chasejustchase


Source: Twitch

http://www.twitch.tv/p/press  



ASTROMAN Magazine - 2014.08.16

Avago Agrees to Sell LSI's Axxia Networking Business and Related Assets to Intel for $650 Million

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1776  


ASTROMAN Magazine - 2014.07.06

Qualcomm Acquires WiGig Industry Leader Wilocity and Bolsters Wi-Fi Leadership with 60 GHz Wireless for Mobile, Computing and Networking

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1748  


ASTROMAN Magazine - 2014.06.20

Medtronic to Acquire Covidien for $42.9 billion in Cash and Stock

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1739  


ASTROMAN Magazine - 2014.06.11

Skybox Imaging has entered into an agreement to be acquired by Google

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1729  


ASTROMAN Magazine - 2014.06.09

Polish Company ORLEN acquires Birchill Exploration, new production assets in Canada, doubling its oil and gas reserves

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1728  


ASTROMAN Magazine - 2014.06.06

Atos to acquire Bull to create a European global leader in Cloud, Cybersecurity, and Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1725  


ASTROMAN Magazine - 2014.06.01

Apple to Acquire Beats Music & Beats Electronics for a total of $3 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1721  


ASTROMAN Magazine - 2014.05.01

GE offers $16.9 Billion to acquire Alstom Thermal, Renewables, and Grid businesses

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1705  


ASTROMAN Magazine – 2014.04.13

Vodafone acquires 100% of Vodafone India for GBP 1.0 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1695  


ASTROMAN Magazine – 2014.03.28

Intel Corporation and Cloudera announced a broad strategic technology and business collaboration

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1685  


ASTROMAN Magazine – 2014.03.26

Facebook to Acquire Oculus for $2 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1684  


ASTROMAN Magazine – 2014.02.20

Facebook to Acquire WhatsApp for $19 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1658  


ASTROMAN Magazine – 2014.02.02

Renault and Nissan launch projects to accelerate Alliance synergies

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1649  


ASTROMAN Magazine – 2014.02.01

Larry Page, CEO, Google: Lenovo to acquire Motorola Mobility for $2.91 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1647  


ASTROMAN Magazine – 2013.12.27

Sale of Gracenote, Inc. by Sony Corporation of America

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1618  


ASTROMAN Magazine – 2013.12.22

IBM to Acquire Aspera to Help Companies Speed Global Movement of Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1610  



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, PhD.


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