Sony Computer Entertainment Aquires Gaikai for $380M

SCE to Build a Cloud Service Bringing Gaikaiís Cloud Based-Streaming Technologies into Its Network Business
Sony Computer Entertainment (SCE) announced that it entered into a definitive agreement on June 30, 2012 (Japan Time) to acquire the cloud-based gaming company Gaikai for approximately USD 380 million. Through the acquisition, SCE will establish a cloud service and expand its network business by taking full advantage of Gaikai's technology and infrastructure. The transaction is subject to certain regulatory approvals and customary closing conditions.