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Forum - View topicAmazon to Buy Twitch Streaming Service for US$970 Million
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illmatic19
Posts: 13 |
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This is amazing considering Twitch started as a spin-off of Justin.tv and eventually ended up killing it's parent site.
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enurtsol
 Posts: 14886 |
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Justin.tv used to be a way to watch live stuff that is not shown in your local area. Youtube and Twitch may have complemented each other, but competition is good. It'd be interesting how Amazon and Microsoft work together: http://venturebeat.com/2014/06/27/xbox-one-vs-ps4-what-microsofts-console-still-does-better-than-sonys/ |
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mdo7
 Posts: 6374 Location: Katy, Texas, USA |
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Yeah this has been big news for the last 2 days.
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Ali07
 Posts: 3333 Location: Victoria, Australia |
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 Wow, didn't think they'd be able to do that. Especially when many have pointed out that Amazon has been losing money lately.
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Polycell
 Posts: 4623 |
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I don't think "in cash" actually implies how they financed it, just that they only paid money and didn't pay with stock or debt. Amazon's cash balances probably aren't large enough to pay for this comfortably, especially if they're able to arrange a loan with decent terms(which they are).
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