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Monday, July 2,2012

Sony Computer Entertainment buys Gaikai for $380 million

Sony Computer Entertainment announced today that it has acquired the prominent interactive cloud-based gaming company, Gaikai, for approximately $380 million.

Through the acquisition, Sony Computer Entertainment will establish a new cloud service using Gaikai's technology, which allows for high-quality, fast interactive cloud-streaming of games onto a variety devices via an internet connection. Sony Computer Entertainment's President and Group CEO, Andrew House, said in a statement: "By combining Gaikai's resources including its technological strength and engineering talent with SCE's extensive game platform knowledge and experience, SCE will provide users with unparalleled cloud entertainment experiences.

"SCE will deliver a world-class cloud-streaming service that allows users to instantly enjoy a broad array of content ranging from immersive core games with rich graphics to casual content anytime, anywhere on a variety of internet-connected devices."


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