Both the giants were vying to buy out Twitch, one of the leaders in video game live-streaming business across the globe. For the last few months or so the market was abuzz with the news of Google (GOOG) acquiring Twitch, and the speculators were all set to analyze the Google-Twitch prospects but at the end things fell apart for Google and the e-commerce giant Amazon (AMZN) notched up Twitch. Now that Amazon has officially confirmed their acquisition of Twitch for a whopping $970 million in cash, let’s delve a little deeper and unravel the story about this most talked about acquisition in the recent times.
Twitch is undoubtedly the global leader in the virtual gaming zone. The company dominates the world in video platform and community for gamer’s arena with more than 55 million visitors per month. The Twitch platform connects gamers worldwide and allows them to broadcast, watch and chat from everywhere and anywhere they are plugged in to their game. From retro favorites to strategic esports titles, first-person shooters to massively multiplayer pasta cooking dating simulators, if you are into gaming then Twitch is where you shop for all your gaming needs.
— Guru Focus