Amazon.com To Acquire Twitch Interactive, Inc. - Quick Facts

(RTTNews) - Amazon.com, Inc. (AMZN) announced that it has reached an agreement to acquire Twitch Interactive, Inc.

Under the terms of the agreement, which has been approved by Twitch's shareholders, Amazon will acquire all of the outstanding shares of Twitch for about $970 million in cash, as adjusted for the assumption of options and other items.

The company noted that in July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organizations.

Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.