MUMBAI: Sony Computer Entertainment (SCE) has entered into a definitive agreement to acquire Gaikai, the world‘s leading interactive cloud-based gaming company, for approximately $380 million.

Through the acquisition, SCE will establish a new cloud service, ensuring that it continues to provide users with truly innovative and immersive interactive entertainment experiences.

"By combining Gaikai‘s resources including its technological strength and engineering talent with SCE‘s extensive game platform knowledge and experience, SCE will provide users with unparalleled cloud entertainment experiences," said Sony Computer Entertainment President and Group CEO Andrew House.

"SCE will deliver a world-class cloud-streaming service that allows users to instantly enjoy a broad array of content ranging from immersive core games with rich graphics to casual content anytime, anywhere on a variety of internet-connected devices."

Established in 2008 and headquartered in Aliso Viejo, California, Gaikai has developed interactive cloud-streaming platform in the world that enables the streaming of quality games to a wide variety of devices via the internet.

With this acquisition, SCE will establish a cloud service and expand its network business by taking full advantage of Gaikai‘s revolutionary technology and infrastructure including data centers servicing dozens of countries and key partners around the world.

The transaction is subject to certain regulatory approvals and customary closing conditions.