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Amazon Reportedly Acquiring Twitch for 1 Billion Dollars

  • Posted By Andrew Zarian
  • August 25, 2014

A new report from the Wall Street Journal says that Amazon will acquire Twitch. Which is a significant turn of events, considering Google had been rumored to be in talks to acquire Twitch for $1 billion.

Now it appears that Amazon is in late stage negotiations to acquire Twitch for the same $1 billion that Google was said to be offering. Why the change of buyer? Some speculate that it may be due to concern over the acquisition stifling innovation at Twitch.

UPDATE

TWITCH has officially announced that they have been acquired by Amazon. On the offical Twitch blog they stated the following:

"Dear Twitch Community,

It’s almost unbelievable that slightly more than 3 years ago, Twitch didn’t exist. The moment we launched, we knew we had stumbled across something special. But what followed surprised us as much as anyone else, and the impact it’s had on both the community and us has been truly profound.

Your talent, your passion, your dedication to gaming, your memes, your brilliance - these have made Twitch what it is today. Every day, we strive to live up to the standard set by you, the community. We want to create the very best place to share your gaming and life online, and that mission continues to guide us.

Together with you, we’ve found new ways of connecting developers and publishers with their fans. We’ve created a whole new kind of career that lets people make a living sharing their love of games. We’ve brought billions of hours of entertainment, laughter, joy and the occasional ragequit. I think we can all call that a pretty good start.

Today, I’m pleased to announce we’ve been acquired by Amazon. 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.

I personally want to thank you, each and every member of the Twitch community, for what you’ve created. Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they’d get to help shape the face of the industry that we love so much.

It’s dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us.

As for what this means for Amazon, it could be an indication that they are interested in launching their own live streaming platform."

What do you think of this breaking news? Is TWITCH better off being aquired by Amazon or Google? Let us know on the IAIB Forum 

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