Debevoise & Plimpton LLP is advising Amazon.com, Inc. [“Amazon”] in its agreement to acquire Twitch Interactive, Inc. [“Twitch”], the leading live video platform for gamers. Under the terms of the agreement, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. The acquisition, which is subject to customary closing conditions, is expected to close in the second half of 2014.

Amazon opened on the World Wide Web in July 1995. Some of the products and services pioneered by Amazon include Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV.

The Debevoise team is led by partner William D. Regner and includes partners Michael Bolotin, Lawrence K. Cagney, Jeffrey P. Cunard and Gary W. Kubek, counsel Kyra K. Bromley and associates Matthew Auten, Elizabeth Guidi, Andrew G. Jamieson, Sue Meng, Maxine Sharavsky and Julie Baine Stem.