Sony Acquires Cloud Gaming Company Gaikai

From X-bit Labs: Sony Computer Entertainment has purchased cloud gaming company Gaikai for about $380 million.

The latest acquisition is meant to build on Sony's gaming platforms, but it is currently unclear how the company will use Gaikai's technology. Some potential applications, however, could be bringing older PlayStation titles to the PlayStation 3 and Vita via the cloud.

Gaikai is also capable of delivering cloud-based gaming services to PCs, smartphones, tablets and digital TVs.

"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, Sony Computer Entertainment's President and Group CEO. "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, which was founded in 2008, was reportedly looking for a buyer last month to spend around $500 million.

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