Amazon Purchases Twitch for $970M

After talks of Google acquiring Twitch back in May, today light was shed on a completely different deal: Amazon has purchased Twitch TV for $970 million in shares. What began as reports of "they're in late talks" early this morning quickly turned into official statements of the finalized deal by both companies this afternoon.

YouTube to Buy Twitch TV?

The gaming community has been left reeling after an article published by Variety reported that Google-owned YouTube was to acquire Twitch for $1 billion.

The ever-growing videogame-streaming site is the most popular of its kind among both streamers and viewers, and reportedly represented "1.35% of all download bandwidth on North American fixed-access broadband networks" in March 2014.