Thu, Jun 21, 2012 | 20:25 BST
Report – Gaikai seeking buyer, firm worth $500 million
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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Posted in: Gaikai, Rumour, Trade
Tags: Gaikai buyout
7 comments
#1
FeaturePreacher
21/06/12, 7:06 pm
So much for the future of gaming not involving consoles?
#2
The_Red
21/06/12, 7:09 pm
@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).
#3
DSB
21/06/12, 7:15 pm
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.
#4
Yoshi
21/06/12, 8:00 pm
Isn’t Gaikai just demos though?
#5
Ireland Michael
21/06/12, 8:21 pm
@4 No.
#6
Yoshi
21/06/12, 11:39 pm
Then why does the site just seem to show demos? XD Unless it shows the buying price if I sign up?
#7
Hunam
21/06/12, 11:46 pm
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.