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Sony buy out cloud streaming service Gaikai

Sony is to purchase cloud streaming service, Gaikai, for $380 million.

According to Sony Computer Entertainment president and CEO Andrew House, this will allow 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.”

This deal between Sony and Gaikai had been widely rumoured to be announced at E3. It was also suggested recently that Gaikai was seeking a $500 million buyer and although the price is slightly below this, it still sounds like a pretty great deal for both parties.

Gaikai CEO David Perry noted that Sony seeks to “harness the power of the interactive cloud and to continue to grow their ecosystem, to empower developers with new capabilities, to dramatically improve the reach of exciting content and to bring breathtaking new experiences to users worldwide.”

There have been no details revealed as to how Sony will implement Gaikai into its PlayStation brand.

Gaikai recently announced a deal with Samsung to provide its cloud service within Samsung’s tv’s.

As you would expect, the transaction is subject to certain regulatory approvals and customary closing conditions, however we expect the purchase to go through without any issues.


Edited On 02 Jul, 2012

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