30/05/2012 11:13 BST | Updated 30/07/2012 06:12 BST

E3 2012: Sony Readying Purchase Of Cloud Gaming Service, Say Reports

Sony is rumoured to be finalising the purchase of a cloud gaming service.

Gaming site MCV UK said that the "high profile" acquisition would be of either OnLive or Gaikai.

Cloud gaming services allow users to choose among dozens of the latest titles and play them instantly - with no downloads or consoles required.

According to MCV the deal looks set to be announced at the E3 gaming conference next week.

While it offered no concrete proof of the deal, the fresh rumours will increase the speculation ahead of E3 where Sony makes its keynote announcement on Monday.

The move could lead to Sony launching a streaming gaming service for non-console owners, vastly increasing the potential reach of its network.

It is even possible that games could be streamed to Sony's tablets, phones and TVs.

It had previously been speculated that Sony could look to acquire a social gaming service, but while not an outright denial a spokesperson recently said they had "nothing to report".