Amazon bought Elemental Technologies for $500 millions to get into video streaming

SEATTLE, WA- Inc. (NASDAQ: AMZN) Amazon has realized that the video streaming business is going to turn into a very profitable one soon. For that reason, Amazon’s brand, the Amazon Web Services, has purchased the Portland, Oregon-based video streaming infrastructure company, Elemental Technologies, for the price of US$500 million. No further details have been … Read more