Amazon Buys Twitch

Suprised that this hasn't been posted yet, guess it's not that important. But I use Twitch a lot to watch CS:GO matches I betted on so..

Copy pasta time.

Twitch has confirmed that Amazon will acquire the company later in 2014. Amazon will acquire all of Twitch's outstanding shares "for approximately $970 million in cash" by the end of the year.

A person who was briefed closely on the matter said Amazon will purchase Twitch for more than $1 billion, according to tech blog The Information and the Wall Street Journal. The same source also said the deal could go through as soon as today.

Confirmed by Twitch CEO: http://blog.twitch.tv/2014/08/a-lett...ugust-25-2014/

"t’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."