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The Boston Globe

Business

Amazon to pay $1.1b for Twitch game site

Video platform had been sought by Google, too

SAN FRANCISCO — Jeff Bezos is ramping up Amazon.com’s entertainment ambitions, buying the video service Twitch Interactive Inc. for more than $1 billion in its biggest acquisition ever.

Amazon moved in to buy the online gathering place for video gamers after the startup’s deal with Google fell through, people with knowledge of the matter said. Amazon is paying $970 million in cash. Including retention-related payouts, the transaction is worth about $1.1 billion, said one of the people, who asked not to be identified because the talks are private.

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