Aug
25
Amazon Buys Twitch Video Service for $970 Million to Rival YouTube
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Amazon is taking direct aim at YouTube as the e-commerce giant grows into a digital media Goliath, agreeing to acquire video-streaming service Twitch for $970 million in cash, the company said Monday.
The Information first reported news of the deal earlier on Monday.
YouTube had reportedly been in talks to buy the company, whose ad-supported service lets people stream live video of their video game play.
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