Sony buys Gaikai cloud gaming service for $380 million

Cloud-based gaming service Gaikai has had plenty of spring in its step recently, and now we know why: it's been tying up a deal to sell itself to Sony for a rather substantial sum of cash. The $380 million deal is slightly below the $500 million bandied about it in some rumors last week, so perhaps SCE execs feel like they've got themselves a bargain.

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Sony buys Gaikai cloud gaming service for $380 million originally appeared on Engadget on Mon, 02 Jul 2012 02:55:00 EDT. Please see our terms for use of feeds.