Sony Computer Entertainment buys Gaikai for $380 million

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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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