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Cyndx Insights: Amazon’s Twitch acquired Social Network Bebo

Cyndx Insights: Amazon’s Twitch acquired Social Network Bebo

Big Tech firms are increasingly penetrating many industries, hoping to either disrupt traditional protocol or ameliorate product offerings. Now Twitch, the streaming video platform owned by Amazon, has acquired Bebo, an early social media platform. The deal was made to be for $25M, and the two will be fundamental in building out Twitch’s esports business, and importantly, Twitch Rivals.

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