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Report – Gaikai seeking buyer, firm worth $500 million

Thursday, 21st June 2012 18:47 GMT By Stephany Nunneley

Sources close to CNN Money have told the news organization that Gaikai is seeking a buyout. The sources have said the firm has hired bankers, which valued the firm at $500 million, but a buyout could be tricky due to companies such as Benchmark Capital, Rustin Canyon Partners, Intel Capital, New Enterprise Associates and Qualcomm Ventures all having invested in the cloud gaming firm. As of press time, there was no word yet on who potential buyers might be, but just before E3 it was rumored – and eventually denied- that Sony was showing interest in purchasing the firm.

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7 Comments

  1. FeaturePreacher

    So much for the future of gaming not involving consoles?

    #1 2 years ago
  2. The_Red

    @1
    Yeah.
    Everyone was thinking that Sony had bought Gaikai before E3 after all the rumors and noise. This is rather sad, specially since Gaikai is actually a more reliable service compared to Onlive (It’s response times are a tiny bit better but still nowhere near is non-cloud gaming).

    #2 2 years ago
  3. DSB

    Seeking buyers doesn’t neccesarily mean that a company is in trouble, it could just mean that they feel they need more resources to expand.

    It’s a pretty common practice, but arguably 500 million isn’t the highest price in the world.

    #3 2 years ago
  4. Yoshi

    Isn’t Gaikai just demos though?

    #4 2 years ago
  5. Ireland Michael

    @4 No.

    #5 2 years ago
  6. Yoshi

    Then why does the site just seem to show demos? XD Unless it shows the buying price if I sign up?

    #6 2 years ago
  7. Hunam

    There we go :)

    Knew this was how this was going to end. Just a dotcom building tech to sell on so the founders can relax for the rest of their days.

    #7 2 years ago

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