Sony buys Gaikai for $380 million

Sony has bought Gaikai, the leading cloud-based company for $380 million. This deal was done so Sony could have an unrivaled cloud service for their PlayStation players.

“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, President and Group CEO of Sony Computer Entertainment Inc.

With Sony purchasing Gaikai, Sony will have a serious lead over the other consoles with streaming and downloading games and content for the foreseeable future. For the full press release click here.