• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home General Gaming

Amazon.com to Acquire Twitch for $970m in cash

Paul Balo by Paul Balo
August 26, 2014
in Gaming, Internet, Mobile
Share on FacebookShare on Twitter

SEATTLE – As of August 25, 2014, Amazon.com, Inc. (NASDAQ: AMZN) publicly announced that it gained agreement to acquire Twitch Interactive, Inc., the popular live video platform for gamers. It was recorded that more than 55 million unique visitors viewed in excess of 15 billion minutes of content on Twitch in July 2014, produced by over a million broadcasters, such as individual gamers, professional players, publishers, developers, media, conventions and large esports organizations.

“The phenomenon of broadcasting and watching gameplay is worldwide and Twitch has constructed a platform that congregates tens of millions who watch countless hours of games every month – from The International, to breaking the world record for Mario, to E3 gaming conferences. And, surprisingly, Twitch is just three years old,” shared Jeff Bezos, the founder and CEO of Amazon.com. “We share Twitch’s obsession over customers and thinking differently, and we eagerly await learning from them and aiding them in moving even more swiftly to concoct new services for the gaming community.”

Twitch’s CEO, Emmett Shear, said, “Between Amazon and Twitch, there is a mutual prioritization of our customers, and we both envision the significant future of gaming. Being incorporated under Amazon will empower us to do far more for our community. We can develop tools and services faster than as standalone. We foresee this change bringing about great things for our community, and it will let us expand Twitch’s reach globally.”

Twitch started targeting exclusively live video for gamers in June 2011. According to the terms of the agreement, approved by Twitch’s shareholders, Amazon obtained all of Twitch’s outstanding shares for an approximate amount of $970 million in cash. The acquisition, cleared of custom closing conditions, was slated to conclude in the latter half of 2014.

Amazon.com is a multinational company that initially launched on the internet in July 1995. Guided by principles that champion customer obsession, invention passion, and long-term vision, Amazon has pioneered various products and services such as customer reviews, 1-Click shopping, tailored recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV.

The Twitch platform is a premier destination for gamers, boasting a community of over 55 million members engaged in broadcasting, watching, and discussing video games. It forms the backbone of live and on-demand distribution for the whole video game ecosystem, including game developers, publishers, media, events, user-generated content, and esports. Twitch was ranked as the 4th largest website in terms of peak internet traffic in the U.S. by The Wall Street Journal in February 2014, establishing its position as an industry leader in entertainment and central venue for social video for gamers.

Some forward-looking statements are encapsulated within this announcement according to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual outcomes may greatly deviate from management’s expectations. Embedded within these forward-looking statements are numerous risks and uncertainties that could affect Amazon.com’s financial results, detailed in Amazon.com’s filings with the Securities and Exchange Commission.

This article was updated in 2025 to reflect current trends and insights.

Related Posts:

  • article_full@1x
    Twitch Is Now Offering TikTok-like Video Stories
  • hero-image (6)
    Twitch Limits Streamers to 100 Hours of Uploaded Content
  • Here Are Some Alternatives To Twitch You Should Try Today
    Here Are Some Alternatives To Twitch You Should Try Today
  • PlayStation-Showcase-740×570
    Sony Announces PlayStation Showcase for Next Week
  • edge-game-assist-1024×575
    With Edge Game Assist, Microsoft Released an in-game…
  • gaming evolution
    The Evolution of Online Gaming
  • Amazon To Invest Up To $4 Billion in Anthropic, A…
  • pubgmobile4
    Gaming: PUBG Mobile launches African Servers

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • X Experiments with Community Notes for Popular Content July 25, 2025
    • Snapchat Adds Safe Arrival Notifications for Friends July 25, 2025
    • OpenAI Set To Release GPT-5 in August July 25, 2025
    • Zobe’s Ring Gives Contactless Payments New Look July 25, 2025
    • Visa Establishes Its First Africa Data Centre in Johannesburg July 25, 2025
    • Q2 Earnings: Intel sees AI Progress but PC Division Lags July 25, 2025

    Browse Archives

    July 2025
    MTWTFSS
     123456
    78910111213
    14151617181920
    21222324252627
    28293031 
    « Jun    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2025 Designed By TechBooky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.