Sony buys Gaikai

Those pre-E3 rumors on Sony buying up cloud streaming service Gaikai were true after all; Sony today formalized the acquisition, saying the $380 million agreement was reached this past Saturday.

With the tech in its back pocket, Sony says it 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.”

How exactly this will materialize and mix with the PlayStation brand remains to be seen. For now, here are a few quotes from the people in charge:

“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 says of the deal.

“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.”

Adds Gaikai CEO¬†David Perry:¬†“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.”