M&A Recap: Sony Division BUYS Gaikai, RIM Yelled At By ACTIVIST
Sony’s (NYSE:SNE) Sony Computer Entertainment division buys cloud gaming firm Gaikai for a price tag of $380 million, in a deal that should reinforce its ability to provide streaming services for its games to all Sony Internet-connected devices.
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Research In Motion (NASDAQ:RIMM) shares are up a bit in later trading Monday, as activist investor Jaguar Financial increases its calls for a sale, and is also demanding the ouster of CEO Thorsten Heins plus half of RIM’s board. The annual shareholder meeting is slated for July 10th, and should be quite entertaining.
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