Sony & Gaikai
Sony & Gaikai
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.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.

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