Amazon buys Twitch for $970 Million

For several months now it's been rumored that would be buying out Twitch.TV, the most popular streaming website online today. This merge would have most likely had something to do with already Google owned YouTube.  However, today it's been confirmed that Twitch.TV has just been aquired by for $970 Million.

It was reported awhile back that had already purchased the streaming company for over $1 Billion, but all rumors have been thwarted today, as it is now official that Twitch.TV is now part of Amazon.

Twitch.TV claimed in a press release that there would not be any major changes to the network; that they would be keeping the same employees, same office, and above all their independence.  So we probably won't see too much difference as far as how the site is run, and if we do, hopefully it will just be better change.

It may not be too far off to assume that was at least interested in purchasing Twitch however, because they did state in their press release that they "chose Amazon," as if there was more than one company interested in the purchase.

Check out the press release from Twitch.TV below, posted on their website earlier today, and let us know in the comments what you think about Amazon buying Twitch.  Do you think things will change drastically for the network? and if so, for the better or worse?

Letter from the CEO
August 25, 2014

Dear Twitch Community,

It’s almost unbelievable that slightly more than 3 years ago, Twitch didn’t exist. The moment we launched, we knew we had stumbled across something special. But what followed surprised us as much as anyone else, and the impact it’s had on both the community and us has been truly profound.

Your talent, your passion, your dedication to gaming, your memes, your brilliance - these have made Twitch what it is today. Every day, we strive to live up to the standard set by you, the community. We want to create the very best place to share your gaming and life online, and that mission continues to guide us.

Together with you, we’ve found new ways of connecting developers and publishers with their fans. We’ve created a whole new kind of career that lets people make a living sharing their love of games. We’ve brought billions of hours of entertainment, laughter, joy and the occasional ragequit. I think we can all call that a pretty good start.

Today, I’m pleased to announce we’ve been acquired by Amazon. 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.

I personally want to thank you, each and every member of the Twitch community, for what you’ve created. Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they’d get to help shape the face of the industry that we love so much.

It’s dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us.

Emmett Shear, CEO

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