Report – Gaikai seeking buyer, firm worth $500 million

Thursday, 21 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.