Amazon is paying close to $1bn for Twitch, a three-year-old site where tens of millions of regular visitors watch other people play video games.
The $970m all-cash deal is Amazon’s biggest acquisition since buying online shoe retailer Zappos for $1.2bn in 2009.
Its bet on the fast-growing niche of live game streaming comes as Amazon is upping its investment in online original video content to compete with the likes of Netflix and Hulu.
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