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OnLive vows service will continue as new company owner revealed
OnLive has told its customers its service will continue uninterrupted as the company transitions to a new owner. Over the weekend reports emerged that painted a bleak future for the cloud gaming company. Layoffs and claims of under just 1800 concurrent users revealed trouble inside the California start-up, which on Friday closed as part of an Assignment for the Benefit of Creditors – a form of bankruptcy. Now, it’s issued a new statement responding to the speculation, and confirmed an affiliate of investment firm Lauder Partners has created a new company and bought all of OnLive’s assets, which include technology, patents, trademarks and intellectual property. Read more…
