By Barry Dudley

Another week, and yet another surprise in the M&A space. This time it was Amazon who caught everyone on the hop, spending just under $1bn – $970m in cash, to be precise – on Monday (25 August).

I say “on the hop” because virtually everyone had assumed that Google was as good as Twitch’s new owner. But at the very last minute, the search giant withdrew from the deal, abandoning its assiduous courtship of the games streaming start-up. Exactly why isn’t clear – Google is after all an extraordinarily rich company, and can shell out huge sums (£2bn for Read full story ›

Source: The Drum