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Sony to acquire cloud gaming company Gaikai

SCE plans to build a cloud service with streaming technologies

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Sony Computer Entertainment has announced that it entered into a definitive agreement on June 30, 2012 to acquire Gaikai, a leading cloud-based gaming company, for approximately USD 380 million.

"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."

Established in 2008 and headquartered in Aliso Viejo, California, Gaikai has developed a platform that enables the streaming of games to a wide variety of devices via the internet.

With this acquisition, SCE will establish a cloud service and expand its network business by taking full advantage of Gaikai's technology and infrastructure including data centers servicing dozens of countries and key partners around the world.
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