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Gaikai looking for a buyer

The cloud-streaming service will serve itself up to the tune of $500 million

Anonymous sources have told CNN Money that Gaikai is looking for a buyer. The cloud-streaming service has apparently already hired bankers and is looking for a purchase price above $500 million.

Gaikai differs from rival OnLive in that it has no direct consumer service, instead choosing to aim at publishers and developers. The company has already raised around $45 million in funding and has partnered with Electronic Arts, WalMart, Facebook, and Youtube.

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Mike Williams: M.H. Williams is new to the journalism game, but he's been a gamer since the NES first graced American shores. Third-person action-adventure games are his personal poison: Uncharted, Infamous, and Assassin's Creed just to name a few. If you see him around a convention, he's not hard to spot: Black guy, glasses, and a tie.
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