Fenwick & West represented Bessemer Venture Partners, Alsop Louie Partners and Thrive Capital, the investors in Twitch Interactive, Inc., in its recently announced acquisition by Amazon.com, Inc. (NASDAQ:AMZN), the ecommerce retailer responsible for 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV. Amazon will pay approximately $970 million in cash, as adjusted for the assumption of options and other items. Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.
The acquisition will continue to help Amazon move even faster to build new services for the gaming community.
The Fenwick transaction team included Scott Joachim, chair of the firm’s Private Equity practice, and corporate associates Andrew Albertson and Kee Kim.