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Monday, August 25, 2014

WRAPUP 1-Amazon snaps up live video startup Twitch for $970M cash, (NASDAQ: AMZN) Inc on Monday said it will purchase live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company's largest deals to date.The move reflects Amazon's mounting investments in original television and gaming content over the last few years as the company branches out into businesses beyond retail.The deal is expected to close in the second half of the year, Amazon said in a statement."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," Chief Executive Jeff Bezos said in a statement., Inc. ( serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN traded higher by 0.73% or $2.43/share to $334.02. 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 1954968.