Sony unit to buy U.S. game firm Gaikai for $380 million

TOKYO Mon Jul 2, 2012 7:46am BST

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TOKYO (Reuters) - Sony Computer Entertainment said on Monday it would buy all shares in California-based gaming firm Gaikai Inc for about $380 million as loss-making Sony Corp (6758.T) seeks to strengthen its online content.

(Reporting by Mayumi Negishi; Editing by Chang-Ran Kim)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.