Amazon has agreed to purchase game streaming site Twitch for more than $1 billion, according to a report from the Wall Street Journal.

The Journal cites an anonymous source who claims to have been briefed on the deal, which could be announced "as soon as Monday".

According to the report, purchase talks between Twitch and Google had fallen off in recent weeks. We've asked a Twitch representative about the report and will update this article with any response.

The popular video streaming platform allows players to broadcast themselves and their gameplay over the internet. The company has seen massive success over the past few years, with Sony and Microsoft opting to integrate Twitch streaming and viewing functionality natively into the PlayStation 4 and Xbox One.

Twitch was founded in 2011 as a gaming-centric offshoot of video streaming site Justin.tv. It attracted more than 45 million unique monthly viewers on average in 2013, with 58 percent of those viewers spending more than 20 hours per week on the service.

The streaming site eventually took the full focus of its parent company, which closed Justin.tv after seven years of operation earlier this month. The Wall Street Journal reports that Twitch had raised $20 million from investors up to this point, including Take-Two.



Posted: Aug 25, 2014 3:18 pm
Related Forum: PC General Forum

Source: http://www.computerandvideogames.com/475216/amazon-reportedly-buying-twitch-for-more-than-1-billion/