Amazon Buying Twitch For $1B


Published 08/26 2014 07:56AM

Updated 08/26 2014 07:59AM

Watching other people play video games is so popular, Amazon is willing to pay big bucks for it.

Amazon has agreed to acquire Twitch, a service that lets users watch and broadcast video game play.

The deal is worth $970-million.

Twitch was founded in 2011 and has more than 55 million visitors per month.

The CEO for Twitch says partnering with Amazon will allow the site to create tools and services at a much faster pace.

The all cash deal is expected to go through later this year

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