Sony to buy $200M stake in gaming startup Greeze

Sony to buy $200M stake in gaming startup Greeze

Greeze, a gaming startup, is planning to raise $200 million in a public offering, according to people familiar with the matter.

Greeze plans to raise money through a stock offering that is expected to close by the end of the year, the people said.

The company will pay a premium to go public, the sources said.

Greezes co-founders and chief executive officer, John Soderberg, have been in talks with other tech companies about selling their stake in the company, the two people said on condition of anonymity because they were not authorized to discuss the matter publicly.

Greeza is the second gaming startup to be bought by a technology company, following GameStop’s acquisition of the game maker GameFly.

The game maker said it plans to make a formal announcement in the near future.

GameStop also bought the game-making startup Gameloft in January, adding to a string of recent acquisitions that have valued games makers at more than $2 billion.

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