According to Venture Beat, Sony has confirmed in an announcement, that was expected at the E3 video gaming conference in June, that it has purchased game streaming service Gaikai for $380 million.
While rumours of the move had been circulating online in the last couple of months, this very announcement by Sony confirms it.
The deal, that was officially closed on 30 June, is part of a move by Sony to compete more aggressively with rivals Nintendo and Microsoft, that will see it adopt Gaikai’s cloud-based infrastructure and survivor network.
While the potential benefits for Sony from the acquisition are significant, it is unclear what this deal means for other companies like Samsung and LG that have partnerships with Gaikai.
Andrew House, President and Group CEO of Sony Computer Entertainment comments that “œBy combining Gaikai‘s resources including its technological strength and engineering talent with Sony‘s extensive game platform knowledge and experience, Sony will provide users with unparalleled cloud entertainment experiences. He adds that “Sony 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.“
