Online retail major acquires video gaming streaming site for $970 million | In a surprise move, Amazon has bought videogame streaming service Twitch for $970m. Earlier in the year, Google’s YouTube had been reported
to be in late-stage acquisition talks for a similar amount. Founded in 2011, Twitch – formerly known as Twitch.tv – allows users to watch other people play video games. As of July of this year, the service had over 55 million unique monthly viewers. “Broadcasting and watching game play 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,” said Amazon chief executive Jeff Bezos in a statement. “We look forward to learning from them and helping them move even faster to build new services for the gaming community,” he added. The move is aimed at beating other streaming video sites like YouTube and Netflix.