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Sony Computer Entertainment on Monday announced that it entered into a definitive agreement on June 30, 2012 to acquire Gaikai, an interactive cloud-based gaming company, for approximately $380 million. Through the acquisition, SCE will establish a new cloud service, ensuring that it continues to provide users with innovative and immersive interactive entertainment experiences.

“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 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,” said Andrew House, president and group chief executive officer of Sony Computer Entertainment.

Established in 2008 and headquartered in Aliso Viejo, California, Gaikai has developed the high quality, fast interactive cloud-streaming platform that enables the streaming of games to a wide variety of devices via the Internet. With this acquisition, SCE will establish a cloud service and expand its network business by taking full advantage of Gaikai's revolutionary technology and infrastructure including data centers servicing dozens of countries and key partners around the world.

“SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide. 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,” said David Perry, chief executive officer of Gaikai.

SCE will continue to aggressively expand a new world of entertainment through the introduction of innovative technologies and the delivery of amazing experiences.

The transaction is subject to certain regulatory approvals and customary closing conditions.

Tags: Sony, Playstation, Gaikai

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