Update #1: The Wall Street Journal is now corroborating and confirming TI's story.

Update #2: It's official, Amazon is buying Twitch for $970 million in cash. The acquisition is expected to close in 2H of 2014.

Amazon.com to Acquire Twitch

SEATTLE--(BUSINESS WIRE)--Aug. 25, 2014-- Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers. 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.

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