After being rumored for a while, Sony has finally announced that it has purchased the game streaming service, Gaikai. For those who are unaware of what Gaikai is, it’s pretty much a cloud base service that allows you to stream video games, similar to OnLive. This acquisition cost Sony roughly $380 million USD.

Sony has said that with this acquisition, it will be able to “deliver a world class cloud-streaming service”. This means that anyone with a supported device will be able to enjoy games with “rich graphics” to even content that caters to the casual.

“SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide,” said David Perry, CEO of Gaikai Inc. “We’re honored to be able to help SCE rapidly harness the power of the interactive cloud and to continue to grow their ecosystem, to empower developers with new capabilities, to dramatically improve the reach of exciting content and to bring breathtaking new experiences to users worldwide.”

So what exactly does this mean for you Playstation fans? Well as of right now, everything said is pure speculation but if all goes as they are said owners of Playstation devices will soon be able to play titles only found on PC/Xbox 360, along with a handful of first party titles without even downloading them.