Sony to Acquire Cloud-Gaming Platform Gaikai for $380M
BY Caitlin Berens
The upcoming deal marks big news for the cloud-based gaming world.
Sony said today that it plans to acquire cloud-gaming platform Gaikai for a staggering $380 million.
Gaikai, a four-year-old, California-based company, has become widely known for seamlessly transmitting data between cloud servers and users— a technology that Sony, makers of PlayStation, is apparently anxious to employ.
“By 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,” Andrew House, the president and group CEO of Sony, said in a statement to the press.
For Gaikai CEO David Perry, the deal marks new opportunities to “rapidly harness the power of the interactive cloud and to continue to grow [Sony’s] ecosystem, to empower developers with new capabilities, to dramatically improve the reach of exciting content.”
So just how would the gaming giant use this start-up’s technology?
Some expect Gaikai’s technology to solve a big consumer pain point: console transition. Gaikai’s technology could potentially let gamers use PlayStation, PS2, and PS3 games on any upcoming Sony consoles, giving a longer life to old games.
CAITLIN BERENS writes about business innovation and entrepreneurs. Before Inc., she worked at Billboard, SELF, and Better Homes and Gardens. She attended Drake University, and lives in Brooklyn, New York. @CaitlinBerens