Business IT & Web-tech News News Brief

Amazon ( and not YouTube ) is acquiring video site, Twitch



Completely contrary to what we heard earlier, it has been reported by The Information that Amazon, and not Google’s YouTube is buying Twitch, for a reported $1 Billion.

As per The Information, has been in late-stage talks to acquire video site Twitch, according to two people familiar with the matter, after reports that Google had virtually sealed a deal to acquire the site for $1 billion. 

Both companies are expected to announce the deal shortly. We’ve mailed them for comments, stay tuned.