[Update: It’s Official] Amazon To Buy Twitch Instead of Google

[Editor’s Update: Well folks, it’s official.  Amazon, NOT Google, has bought the streaming platform Twitch and many of us are wondering what exactly this means.  Should be interesting to see how Amazon uses the streaming service now for gamers.  Here’s the press release that was just issued: 

Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers. In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations.

“Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month – from The International, to breaking the world record for Mario, to gaming conferences like E3. And, amazingly, Twitch is only three years old,” said Jeff Bezos, founder and CEO of Amazon.com. “Like Twitch, we obsess over customers and like to think differently, and we look forward to learning from them and helping them move even faster to build new services for the gaming community.”

“Amazon and Twitch optimize for our customers first and are both believers in the future of gaming,” said Twitch CEO Emmett Shear. “Being part of Amazon will let us do even more for our community. We will be able to create tools and services faster than we could have independently. This change will mean great things for our community, and will let us bring Twitch to even more people around the world.”

Twitch launched in June 2011 to focus exclusively on live video for gamers. Under the terms of the agreement, which has been approved by Twitch’s shareholders, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.

Original story follows.]

Earlier this year rumors floated around that Twitch was being sold to Google and would become a branch like Youtube. Then VentureBeat “confirmed” the deal was done, but today we are being told it isn’t entirely true. Instead Twitch is being sold to….. Amazon! 

According to reports, Amazon has stepped in with a bid of over $1 Billion dollars to purchase Twitch. According to sources at both The Wall Street Journal and The Information, the bid has been accepted and could become official as soon as today! 

It will be interesting to see just what had happened to the Google deal and how Amazon may have stepped in to grab Twitch. More is to come, so stick around as details come in!