Sony Computer Entertainment just announced that it will be acquiring Gaikai Inc. – the cloud-based gaming company for $380 million!

With the acquisition, Sony will look to establish a new cloud service that will no doubt have PlayStation fans smiling with excitement.

“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 Andrew House, President and Group CEO of Sony Computer Entertainment Inc. “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.”

Clearly this puts Sony in a good place to provide cloud gaming through its various platforms (PS4 anyone??), adding to its online offerings.

“SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide,” said David Perry, CEO of Gaikai Inc. “We’re honored to be able to help SCE rapidly harness the power of the interactive cloud and to continue to grow their ecosystem, to empower developers with new capabilities, to dramatically improve the reach of exciting content and to bring breathtaking new experiences to users worldwide.”

This is good news people…good news indeed!