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Amazon gains valuable entertainment asset with purchase of Twitch
Amazon gains valuable entertainment asset with purchase of Twitch

Amazon.com is already a go-to destination for shoppers, bookworms, and music and movie fans. Now it'll also be the virtual home for millions of hard-core video gamers. The Seattle e-commerce giant announced Monday that it had agreed to buy Twitch Interactive, the massively popular online platform for the gaming community. Amazon will pay $970 million in cash for the San Francisco start-up, which specializes in live streaming video games to spectators, sometimes with commentary, much like a professional sports event on prime time. Amazon founder and Chief Executive Jeff Bezos said the company wanted to help Twitch "move even faster" to build new services for video game...

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