Amazon.com to Acquire Twitch

  Amazon.com to Acquire Twitch

Business Wire

SEATTLE -- August 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.

“Broadcasting and watching gameplay is a global phenomenon and Twitch has
built a platform that brings together tens of millions of people who watch
billions of minutes of games each month – from The International, to breaking
the world record for Mario, to gaming conferences like E3. And, amazingly,
Twitch is only three years old,” said Jeff Bezos, founder and CEO of
Amazon.com. “Like Twitch, we obsess over customers and like to think
differently, and we look forward to learning from them and helping them move
even faster to build new services for the gaming community.”

“Amazon and Twitch optimize for our customers first and are both believers in
the future of gaming,” said Twitch CEO Emmett Shear. “Being part of Amazon
will let us do even more for our community. We will be able to create tools
and services faster than we could have independently. This change will mean
great things for our community, and will let us bring Twitch to even more
people around the world.”

Twitch launched in June 2011 to focus exclusively on live video for gamers.
Under the terms of the agreement, which has been approved by Twitch’s
shareholders, Amazon will acquire all of the outstanding shares of Twitch for
approximately $970 million in cash, as adjusted for the assumption of options
and other items.Subject to customary closing conditions, the acquisition is
expected to close in the second half of 2014.

About Amazon.com

Amazon opened on the World Wide Web in July 1995. The company is guided by
three principles: customer obsession rather than competitor focus, passion for
invention, and long-term thinking. Customer reviews, 1-Click shopping,
personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct
Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of the
products and services pioneered by Amazon.

About Twitch

Twitch is the leading live video platform and community for gamers where more
than 55 million have gathered to broadcast, watch and talk about video games.
Twitch’s video platform is the backbone of both live and on-demand
distribution for the entire video game ecosystem. This includes game
developers, publishers, media outlets, events, user generated content and the
entire esports scene. In February 2014, The Wall Street Journal ranked Twitch
as the 4th largest website in terms of peak internet traffic in the U.S.,
fortifying the brand as an entertainment industry leader and the epicenter of
social video for gamers. For more information, visit: www.twitch.tv

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Actual results may differ significantly from
management's expectations. These forward-looking statements involve risks and
uncertainties that include, among others, risks related to competition,
management of growth, new products, services and technologies, potential
fluctuations in operating results, international expansion, outcomes of legal
proceedings and claims, fulfillment and data center optimization, seasonality,
commercial agreements, acquisitions and strategic transactions, foreign
exchange rates, system interruption, inventory, government regulation and
taxation, payments and fraud. More information about factors that potentially
could affect Amazon.com's financial results is included in Amazon.com's
filings with the Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K and subsequent filings.

Contact:

Amazon.com, Inc.
Media Hotline, 206-266-7180
www.amazon.com/pr
or
Twitch
Chase, PR Director, Twitch
415-810-0995
chase@twitch.tv
@chasejustchase
 
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