Report: Gaikai seeks buyer for $500m

Report: Gaikai seeks buyer for $500m
Craig Chapple

By Craig Chapple

June 21st 2012 at 7:25PM

Cloud gaming company execs looking to sell amidst rumours of potential Sony acquisition

The owners of cloud gaming firm Gaikai are seeking to sell the company for a fee in excess of $500 million, according to a report.

Earlier this month Sony were said to be close to agreeing a buyout of the game streaming company, whilst it is also though the deal could bring backwards-compatibility to the PS3.

CNN Money has now confirmed that Gaikai is looking for a buyer, although no company was mentioned as being in talks.

Any potential deal could face problems with numerous CV firms such as Benchmark Capital, Rustin Canyon Partners and Intel Capital holding equity in the company having invested in the company.

Gaikai has declined to comment on the matter.