Sony’s video gaming unit buys cloud gaming platform firm Gaikai for $380m

Sony & Gaikai 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.