Sony Buys Gaikai for $380 Million

Published on July 2nd, 2012

And we all thought Japan’s popular technology firm were in financial difficulty…

Sony Buys Gaikai for $380 Million

Mr Perry, now considerably richer than you.

It has been rumoured for sometime now, but have shocked the world by announcing that they’ve purchased David Perry’s streaming game service for an eye-watering $380 million.

The cloud gaming service is different from its competition OnLive, as it runs from inside a browser and not a separate client.

“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,” SCE CEO Andrew House stated according to MCV.

“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.”

Founder of Gakai David Perry, who is now officially minted, had this to say:

“SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide.

“We’re honoured to be able to help SCE rapidly 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.”

During the previous financial year Sony experienced its biggest financial loss in the technology firm’s financial history, around $6.4 billion, and it’s hoped that this latest acquisition represents the firm returning to a more profitable form by investing in potentially world-changing emerging technologies.

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