Sony to Buy Cloud Gaming Company Gaikai for $380 Million
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Sony Corp. agreed to acquire U.S. gaming platform company Gaikai Inc. for about $380 million, as the maker of PlayStation game consoles prepares to expand cloud-based entertainment services.
The transaction is scheduled to be completed by the end of August and the effect on earnings is expected to be small, the Tokyo-based electronics maker said in a statement. Closely held Gaikai, based in Aliso Viejo, California, has expertise in transmitting data between cloud servers and users without delay, said Satoshi Nakajima, a spokesman for Sony’s game unit.