Well, this is certainly interesting. While it went nary a mention at E3, it turns out there was truth to rampant speculation about Sony partnering with a major cloud gaming provider. However, Sony has went beyond a partnership — the company announced today that it has entered into a definitive agreement to acquire Gaikai.

“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 SCE President and CEO Andrew House

He added, “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.”

Through the 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.”

Beyond that, details are scant. We assume it goes without saying that cloud gaming will be a major focal point with the PS4 now. And the total value of the transaction? A whopping $380 million.

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