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Amazon To Buy Twitch for More Than $1 Billion
By Gina Hall

Amazon is in final negotiations to buy video service Twitch Interactive Inc. for more than $1 billion, negating talk that Google was going to be the tech giant to purchase the online hub for videogamers.

According to media reports, Amazon has moved in on the deal now that Google's talks have collapsed. The official announcement could be made as soon as Monday, said an individual close to the deal.

Per the report, Google was in discussions to pay a similar price for Twitch, but no word as to why the deal fell through.

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Twitch has 45 million monthly active users who gather online to discuss games or watch other users play. Currently, Twitch is available on PlayStation4 and Xbox One consoles.

The deal will boost Amazon's profile in the online video space. With companies like Disney snapping up Maker Studios and DreamWorks Animation buying AwesomnessTV, tech giants like Amazon, Google and Yahoo are working hard to keep pace.

The deal was first reported by The Information.

Amazon did not immediately respond to TheWrap's request for comment.