Amazon.com Inc has agreed to purchase live-streaming gaming network Twitch for more than $1 billion, the Wall Street Journal reported, citing two people familiar with the matter.Twitch and Amazon were not immediately available for comment.The deal could be announced later on Monday, a source told the Wall Street Journal. (on.wsj.com/1nuyLHb)Google was earlier in talks to buy Twitch, with reports emerging in May that the internet search giant had agreed to buy the company for $1 billion, but a deal was never confirmed.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN traded higher by 0.72% or $2.38/share to $333.97. In the past year, the shares have traded as low as $279.33 and as high as $408.06. On average, 3789660 shares of AMZN exchange hands on a given day and today's volume is recorded at 1830870.
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