Amazon Acquires Elemental Technologies For $500 Million

TechCrunch reported that Amazon (NASDAQ:AMZN) is reportedly buying mobile video service Elemental Technologies for $500 million.
As quoted in the publication:

It’s paying around $500 million in cash for the company, according to a new report from The Information. (Subscription required.)
Amazon didn’t immediately return a phone call or email request for comment about that figure.
The deal was orchestrated by Amazon’s highly profitable Amazon Web Services unit, which will incorporate Elemental’s technology into its cloud infrastructure services mobile video offering, says The Information.

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