Gaikai on the hunt for buyer

Cloud gaming service Gaikai is reportedly actively looking for a buyer.

CNN reports that the company has already hired bankers and is expecting well in excess of $500 million” for the sale.

To date Gaikai has raised approximately $45m in venture capitalist funding from companies such as Benchmark Capital and Qualcomm Ventures and it enjoys partnerships with Walmart and YouTube.

MCV reported last month that Sony was close to agreeing a cloud gaming acquisition, and at one stage it looked as if Gaikai was the most likely candidate.

No word yet on who suitors would be,” CNN adds, but possibilities include game platform companies (e.g., Nintendo, Microsoft, Sony, etc.), cable/broadband companies (AT&T, Comcast, etc.) and possibly large game publishers.”