Amazon Nabs Twitch For Nearly A Billion

Amazon has beaten out Google and agreed to purchase live-streaming gameplay service Twitch for $970 million in cash, with the deal expected to close in the second half of the year.

Formed in 2011, Twitch is an online platform for gamers to broadcast their play to live audiences. It had more than 55 million unique visitors in July and during that month, more than 1 million broadcasters streamed more than 15 billion minutes of content.

In February 2014, it became the fourth largest source of peak traffic in the United States behind Netflix, Google and Apple.

Source: Deadline