What's Twitch? Gamers Know, and Amazon Is Spending $1 Billion on It

"Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month," Amazon founder and CEO Jeff Bezos said in a statement.

On Monday, that new habit enticed the web giant Amazon to reach a $1.1 billion deal to buy Twitch, the most popular website for watching people play games. The deal for Twitch is the latest sign of the way forms of behavior once seemingly on the fringe

UPDATE (4:02pm): It's official: Amazon has purchased Twitch, following months of rumors that Google was looking to buy the video streaming company. Amazon says the exact purchase price will be $970 million in cash.

In a surprise move, Amazon has bought video-game streaming service Twitch for $970m (£585m). Earlier in the year, Google's YouTube had been reported to be in late-stage acquisition talks for a similar amount. Founded in 2011, Twitch – formerly known as 

Amazon, not Google will be the corporate host of Twitch, the popular game streaming service. The deal, which was first reported by The Information and..