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Why Amazon is spending US$970m on video service Twitch (VIDEO)
Amazon will unveil a mystery product, widely expected to be a smartphone on June 18, 2014. File picture shows Amazon.com CEO Jeff Bezos at a launch event for the Bezos Center for Innovation at the Museum of History and Industry in Seattle, Washington. u00e2u20acu201d

PALO ALTO, Aug 26 –- Bloomberg’s Cory Johnson reports on Amazon acquiring video service Twitch for US$970 million on “Street Smart.” — Bloomberg


File picture shows Amazon.com CEO Jeff Bezos at a launch event for the Bezos Center for Innovation at the Museum of History and Industry in Seattle, Washington. — Reuters pic

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