Amazon's Twitch acquires Bebo to expand its esports business

By Laura Mullan
Amazon’s video streaming platform, Twitch, has just bought Bebo, the early social media network founded in the UK in 2005. Bebo was once the UK’s l...

Amazon’s video streaming platform, Twitch, has just bought Bebo, the early social media network founded in the UK in 2005.

Bebo was once the UK’s largest social media network but, following a series of pivots, the business now produces software that allows users to stream themselves playing video games.

Together the businesses will work on growing Twitch’s esports business, especially Twitch Rivals.

SEE ALSO:

Often dubbed as the ‘YouTube of gaming’, Twitch allows users to stream themselves playing popular video games.

It has been instrumental in popularising esports and was bought by Amazon in 2014 for $970mn.

The financial terms of the latest acquisition deal were not disclosed but sources told TechCrunch that Twitch paid “up to $25 million” for Bebo’s technology and the 10-person team.
 

Share

Featured Articles

Robot dining staff on call to help care in the community

Robots are ready to serve seniors as retirement communities struggle with staff shortages, and a new report says pensioners appreciate a metal maître d

BlackBerry drives its QNX technology to the cloud with AWS

BlackBerry has expanded its work with Amazon Web Services, which will see the Canadian security company’s embedded systems and AI available in the cloud

6G: Predictions for the network of the future

With cloud-based technology enabling higher speeds and microsecond latency, experts predict 6G will transform the world. The next generation is coming

Blockchain in space could take tokens and NFTs into orbit

Digital Transformation

ICYMI: Top 10 DevSecOps tools and cut-price animal robots

Digital Transformation

Altered Egos: Digital twins hold up a mirror for machines

Digital Transformation