Sony Buys Cloud-Gaming Service Gaikai

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Sony is taking its games to the cloud.

The console game giant announced that it has acquired online game streaming company Gaikai for about $380 million. Sony will establish a new interactive gaming cloud service, the company said.

“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,” Andrew House, president and group CEO of Sony Computer Entertainment, said in a statement. “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.”

Sony has confirmed it’s acquisition of Gaikai for $380 million.

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