Sony acquires Gaikai for $380m

[Administrator]

Sony Computer Entertainment has agreed to acquire cloud gaming service Gaikai for approximately $380 million and establish a new cloud service.

The acquisition includes all Gaikai's technology and infrastructure, giving Sony a large network of datacentres to deliver streaming content to its customers.

"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, group CEO of SCE.

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