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Amazon and Twitch have officially announced the deal, which will see Amazon purchase all outstanding shares of Twitch for roughly $970 million in cash. The deal has been approved by Twitch's shareholders and should be completed sometime later this year.
Rumors have been swirling for years that Apple, Google, Amazon or any combination of the three would, any minute now, release a set-top box with gaming as a primary function. Any such box, with the power and influence of the respective tech giant behind it, would potentially constitute a serious threat to traditional game consoles’ domination of the living room. Yesterday, Amazon was the first to fire a shot, announcing Fire TV in a surprise press briefing.