Sony Computer Entertainment (SCE), Sony’s video gaming unit, has acquired California-based cloud gaming platform company Gaikai for roughly $380 million. Fortune recently reported that the company was on the block, and said it could end up selling for well over $500 million. But, approximately $380 million it is. Still not shabby, considering Gaikai had only raised $45 million in funding to date. The company was backed by Benchmark Capital, TriplePoint Capital, Rustic Canyon Partners, Limelight Networks and Intel Capital. Read the full story at The Next Web.
About Shelly Palmer
Named one of LinkedIn’s Top 10 Voices in Technology, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on machine learning and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb
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"Sony’s video gaming unit buys cloud gaming platform firm Gaikai for $380m" by @ShellyPalmer
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