Reports are that Gaikai is looking to sell itself to the highest bidder. The Aliso Viejo, California company has raised around $45 million in VC funding over the past few years, and they have teamed up with Walmart, YouTube and Electronic Arts.
The offering, which could exceed $500 million, could receive offers from platform holders like Sony and Microsoft or service providers like AT&T or Comcast. Gaikai is not commenting on the matter for the moment.
Source: Fortune {link no longer active}
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