Amazon swoops in and acquires Twitch despite Youtube’s effort
It’s finally official, after several rumours about Twitch’s acquisition, the popular live-streaming website will be part of the ever-growing list of companies swallowed by industry giants. However rumours were wrong about which company was going to seal the deal.
In a way, the rumours made sense, Twitch’s video-based content fits nicely with Youtube’s business. But in the end, and despite Youtube’s effort, Amazon will buy all remaining shares of Twitch which amount to about $970 million in cash. (suite…)