Sony Buys Cloud Gaming Company Gaikai For $380 Million
Sony Computer Entertainment (SCE) today announced that it entered into a definitive agreement on June 30, 2012 to acquire Gaikai for approximately USD 380 million. Through the acquisition, SCE will establish a new cloud service, ensuring that it continues to provide users with truly innovative and immersive interactive entertainment experiences. The transaction is scheduled to be completed by the end of August. Sony is clearly looking at reviving earnings by boosting sales in its game unit by purchasing Gaikai. Gaikai currently has over 40 game titles in the cloud and runs on Android, Google TV, the iPad and Windows.
By combining Gaikais resources including its technological strength and engineering talent with SCEs 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.
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