Thursday, 21 June 2012 11:44
Games - Games
|← Thatgamecompany Confirms Journey Collector's Edition||GOG Summer Sale Day 3 →|
CNN is reporting that Gaikai, the cloud-based game streaming service, is up for sale. Their rumors have revealed that the OnLive competitor has already hired a banker and is expecting its sale to net them well in excess of a whopping half a billion dollars -- yes, that's $500 million smackeroos!
Gaikai, which is based in California, has already raised around $45 million in VC funding from firms like Benchmark Captial (same firm who raised the funding for thatgamecompany's independence), Intel Capital and more. Some of Gaikai's strategic partners include Youtube, Walmart and EA.
According to the news outlet's financial division, Gaikai has issued a "no comment" as of press time. Now, keep in mind that this is still a rumor until confirmed by Gaikai. If this is indeed true, is the company really worth $500 million? I'd imagine this might be one of the main reasons why the heavily-rumored partnership/buyout from Sony didn't happen.
Do you think this is a sound investment from either of big three platform makers? Or is this too big of a gamble to take?
Source: GameranxQuote this article on your site
To create link towards this article on your website,
copy and paste the text below in your page.
CNN is reporting that Gaikai, the cloud-based game streaming service, is up for sale. Their rumors have revealed that the OnLive competitor has already hired a banker and is expecting its sale...
© 2013 - Screen Rave
|< Previous||Next >|
- Blizzard: Diablo 3 Digital Copies Will Take Up to 72 Hours to Unlock
- THQ Reveals the Making of "Enter the Metro" Live-Action Short Film
- Halo 4 Promethean Crawler Details Surface
- THQ Ignoring iOS, Tablet Gaming for Now
- Thatgamecompany Confirms Journey Collector's Edition
- GOG Summer Sale Day 3
- Nintendo: The Wii U Could Become the Preferred Method for Call of Duty
- Blizzard: Starcraft on Wii U Might Work
- Blizzard Forced to Give Diablo 3 Refunds
- EA Giving out Free Games for Origin's Anniversary