Amazon.com announced Monday that it had agreed to acquire video site Twitch for $970 million in cash, the latest sign of the e-commerce giant's expansive ambitions in video entertainment.

The deal came just months after numerous reports that Google had a deal to acquire Twitch. News of the Amazon deal was first reported Monday morning by The Information.

“Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month," Amazon founder Jeff Bezos said in a press release.