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In Brief: Amazon Buys Twitch for $970 Million

By Norman Chan

Still no official confirmation.

Can you believe that the Variety report that Google acquired video streaming service Twitch for a billion dollars was three months ago? Three months on, and there had been no official word from either party about an acquisition, only the closing of Twitch predecessor Justin.Tv and changing policies on Twitch's platform to remove unauthorized audio. (Arstechnica's Ron Amadeo had a good take on why recent changes seemed so bizzare). Well, it seems that Google may not actually be picking up Twitch, as the Wall Street Journal today reports. Instead, it's Amazon that may be acquiring the service, with Bloomberg and Recode sources saying that the announcement could be made later today. What do you think about Amazon potentially owning and running Twitch?

Update: Amazon has announced that it has acquired Twitch for $970 million in cash. Twitch's CEO explains the reasoning for the acquisition and that Twitch will continue operate independently from its new owner.