Twitch was just acquired by Amazon for $970 million in an all-cash deal. A few months ago, it was looking like Google would be the buyer for $1 billion. No word yet on why the reported Google deal fell through.
Alibaba Group Holding Ltd might just have put its biggest US competitor in hot waters with the launch of its own cloud service. The e-commerce giant announced today it will be launching its Aliyun platform for its American audience, a cloud service that was first introduced in China in 2009. A cloud computing hub with servers will be established in America's Silicon Valley, putting the company in direct competition with companies like Amazon, Microsoft, and Google.
Google's biggest event of the year, Google I/O, starts Wednesday with a two-hour keynote presentation starring the company's top executives. Google I/O is the company's developers conference, but it's also the event that sets the tone for most of the company's consumer products for the next year or so.
By Robert Freedland:
Like so many of you fellow investors, my life is surrounded by Google (GOOG) and its applications. I check my Gmail account all day long, search on Google to find everything from the telephone number my wife is asking me to locate to the hours and the location/map to the local Home Depot store.