Amazon buys out game streaming platform, Twitch, on Monday for $970 million in cash, according to TechCrunch. The acquisition doesn’t go into effect until late 2014. A letter from Twitch CEO, Emmett Shear, was posted on Twitch’s website regarding Amazon’s big acquisition. Shear noted that they are hoping for a better Twitch with Amazon’s buyout. The letter stated:
We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We're keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon's support we'll have the resources to bring you an even better Twitch.
Source: Twitch, TechCrunch