Official: Amazon Acquires Twitch ($970 million in cash)

Started by ethomaz, Aug 25, 2014, 08:06 PM

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ethomaz

You know that big rumor about Google acquiring Twitch... IT WAS FAKE.

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Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers. In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations.

"Broadcasting and watching gameplay 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 - from The International, to breaking the world record for Mario, to gaming conferences like E3. And, amazingly, Twitch is only three years old," said Jeff Bezos, founder and CEO of Amazon.com. "Like Twitch, we obsess over customers and like to think differently, and we look forward to learning from them and helping them move even faster to build new services for the gaming community."

"Amazon and Twitch optimize for our customers first and are both believers in the future of gaming," said Twitch CEO Emmett Shear. "Being part of Amazon will let us do even more for our community. We will be able to create tools and services faster than we could have independently. This change will mean great things for our community, and will let us bring Twitch to even more people around the world."

Twitch launched in June 2011 to focus exclusively on live video for gamers. Under the terms of the agreement, which has been approved by Twitch's shareholders, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.



Twitch CEO's goodbye.

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Letter from the CEO August 25, 2014 Dear Twitch Community, It's almost unbelievable that slightly more than 3 years ago, Twitch didn't exist. The moment we launched, we knew we had stumbled across something special. But what followed surprised us as much as anyone else, and the impact it's had on both the community and us has been truly profound. Your talent, your passion, your dedication to gaming, your memes, your brilliance - these have made Twitch what it is today. Every day, we strive to live up to the standard set by you, the community. We want to create the very best place to share your gaming and life online, and that mission continues to guide us. Together with you, we've found new ways of connecting developers and publishers with their fans. We've created a whole new kind of career that lets people make a living sharing their love of games. We've brought billions of hours of entertainment, laughter, joy and the occasional ragequit. I think we can all call that a pretty good start. Today, I'm pleased to announce we've been acquired by Amazon. We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We're keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon's support we'll have the resources to bring you an even better Twitch. I personally want to thank you, each and every member of the Twitch community, for what you've created. Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they'd get to help shape the face of the industry that we love so much. It's dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us. Emmett Shear, CEO


http://www.twitch.tv/p/thankyou

kitler53

gross.  amazon's hostile take-over of gaming is very much not appreciated.


Featured Artist: Vanessa Hudgens

Legend

Wha!

Awesome. I like Amazon.

u4gReservoirDogs


gross.  amazon's hostile take-over of gaming is very much not appreciated.

I'm waiting for the first pre-paid cards for Twitch to arrive ...
I'm always willing to endure humiliation on behalf of my characters. - Ben Stiller


Xevross

Not sure what to make of this!

Shinobi-san

So Amazon has bought twitch!

For some reason I had thought that Google had already bought twitch, especially after the music flagging/vod muting incident where I'm pretty sure a lot of people were blaming Google...

Anyways here's a link http://games.on.net/2014/08/amazon-purchases-twitch-after-google-drops-out-over-antitrust-concerns/

Let me know what your thoughts are. Who would you have preferred bought Twitch?
Vizioneck STILL not banned at my workplace \O/

Legend


So Amazon has bought twitch!

For some reason I had thought that Google had already bought twitch, especially after the music flagging/vod muting incident where I'm pretty sure a lot of people were blaming Google...

Anyways here's a link http://games.on.net/2014/08/amazon-purchases-twitch-after-google-drops-out-over-antitrust-concerns/

Let me know what your thoughts are. Who would you have preferred bought Twitch?


Etho beat you.

Merged.

Shinobi-san


Etho beat you.

Merged.


My bad! Didn't see this...sorry guys.

Vizioneck STILL not banned at my workplace \O/

Shinobi-san

Kinda weird how everyone thought Google had already bought twitch....

Anyways I am glad it was amazon instead. This also means that twitch made the changes to background music streaming by themselves. I'm sure they will get even more backlash from the community for doing that now.
Vizioneck STILL not banned at my workplace \O/

Xevross

I can just see the advertisements now:

Amazon prime, now includes exclusive access to Twitch!

ethomaz

I prefer Amazon over Google for twitch...