Sony Computer Entertainment Acquires Gaikai

Sony Computer Entertainment has acquired Dave Perry's cloud-based gaming service Gaikai for an estimated $380 million, the company announced this morning. Before the Electronic Entertainment Expo there were rumors circulating that Sony was going to buy a cloud-based gaming service – or at the very least announce that it was building one of its own. Another rumor last month was that Gaikai was looking for a buyout to the tune of an estimated $500 million. It turns out that all the rumors were true.

"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," Sony Computer Entertainment President and Group CEO Andrew House said.

"SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide," said Gaikai founder Dave Perry. "We're honored 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."

Gaikai's cloud-based streaming game services are currently being used by a variety of retail and publishing partners to stream demo content via the web. SCE did not say how it would use the Gaikai technology but it could be an easy way for the company to offer gamers old PS One, PS2, PSP, and even PS3 titles in this generation or in the next console cycle.

We will continue to follow this story as it develops.

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