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.
Sony’s video gaming unit buys cloud gaming platform firm Gaikai for $380m
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).