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Amazon acquires Twitch for $970 million

Sarah Pine , @ilaniel
08.25.14
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Today Emmett Shear, the CEO of Twitch.tv, announced that Twitch has been acquired by Amazon. In his letter, Shear explained that they went with Amazon in the end because "they believe in our community, they share our values and long-term vision, and they want to help us get there faster." We'll see what kind of changes this development brings to our favorite streaming service, and hopefully they will all be welcome ones.

Amazon's interest in the streaming platform initially came as somewhat of a surprise, considering that initial reports cited Google's Youtube division as potentially interested in purchasing Twitch.