Amazon.com is no stranger to the startup world. So it didn’t come as a surprise when the e-commerce giant announced on Monday that it would acquire videogame streaming company Twitch Interactive Inc. in a $970 million cash deal.
What did come as a surprise, however, was the number of other big suitors jockeying to acquire Twitch, including Internet kingpin Google. According to a May story in Variety, Google-owned YouTube was close to clinching a $1 billion deal with the company. Other reportedly interested buyers included Microsoft Corporation and Yahoo Inc.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]