Sony Computer Entertainment to Acquire Cloud-Based Gaming Firm Gaikai for $380 Million

7:00 AM PST 07/02/2012 by Georg Szalai

The deal will help the conglomerate's division to establish a cloud gaming service.

Sony Corp.'s Sony Computer Entertainment said Monday it has agreed to acquire cloud-based video game firm Gaikai for $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 company said.

Gaikai, based in Aliso Viejo, Calif., was founded in 2008.

“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. “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.”

David Perry, CEO of Gaikai, said the deal will allow Sony "to dramatically improve the reach of exciting content and to bring breathtaking new experiences to users worldwide.”

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

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