Sony Computer Entertainment buys Gaikai for $380 million

Posted on Jul 2 2012 - 6:52am by Editorial Staff

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

“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,” said Andrew House, President and Group CEO of Sony Computer Entertainment Inc. “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.”

Gaikai, established in 2008 and headquartered in Aliso Veijo, California has developed the highest quality, fastest interactive cloud-streaming platform in the world that enables the streaming of quality games to a wide variety of devices via the internet. The acquisition will allow SCE to establish a cloud service and expand its network business by taking full advantage of Gaikai’s technology and infrastructure.

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