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Reports: Amazon will pay $1 billion to buy video-game streaming site Twitch

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Amazon will pay at least US$1 billion to acquire Twitch, a site for streaming video-game play, according to reports published Monday in The Wall Street Journal and The Information.

Amazon has agreed to acquire the 3-year-old company, the Journal said, and the deal could be announced Monday. The report in The Information, however, said the two are in late-stage talks.

Both reports gave the same dollar amount for the deal. Neither Amazon nor Twitch immediately responded to comment.

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Google had reportedly been in talks to purchase the site, but in recent weeks those talks cooled, the WSJ said.

Twitch lets users watch and stream video-game play, offering live and recorded content. Amazon currently offers some streaming services, such as letting people buy or rent movies and TV shows with Amazon Instant Video.

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