Why Amazon spent $970 million to buy Twitch

Update: Twitch has confirmed that Amazon has purchased it, though the company declined to include a price in its public notes. Google, we now know, lost. Update 2: Amazon, confirming the news itself, pegged the price of 

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.

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 May, Variety first reported that Google Google was in talks to acquire video game streaming company Twitch for more than $1 billion. Three months later, that deal is dead and Amazon.com Amazon.comconfirmed on Monday that it's purchasing Twitch for 

After months of rumors suggesting that Google was prepped to snatch up Twitch, word broke this morning that Amazon had crashed the party and was about to acquire Twitch themselves. Sure enough, the Amazon/Twitch