Rumor: Gaikai Actively Seeking Buyers

Thursday, 21 June 2012 11:44

Games - Games

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: Gameranx

Read Full Article

To create link towards this article on your website,
copy and paste the text below in your page.

<style type="text/css"><!--.quote {width:320px; padding: 6px; border: solid 1px #456B8F; font: 10px helvetica, verdana, sans-serif; color: #222222; background-color: #f6f6f6}.quote a {font: 12px arial, serif; color: #003399; text-decoration: underline}.quote a:hover {color: #FF9900; }//--></style><div style="float:left;padding:5px;"><img src="http://www.gameranx.com/img/12-Jun/gaikailogogaikaipelne5618488.jpg" width="75" alt="" /></div><div class="quote"><a href="http://screenrave.com/index.php?option=com_content&view=article&id=25805:rumor-gaikai-actively-seeking-buyers&catid=126:games&Itemid=272" target="_blank">Rumor: Gaikai Actively Seeking Buyers</a><br /> 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...<div align="right" style="width:320px">© 2013 - <a href="http://screenrave.com/" target="_blank">Screen Rave</a></div></div>

Preview :

Rumor: Gaikai Actively Seeking Buyers
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

Top of Page

Back

Write an Article