On-Live! Gaming service going *PIFFLE*??

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Bill Loguidice
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More updates

Documenting the death of OnLive: notes from the company's final meeting: http://www.joystiq.com/2012/08/18/documenting-the-death-of-onlive-notes-...

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David Barbour
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Joined: 04/05/2012
I've been following this

I've been following this since the news broke. All im guessing that will happen now is a name change? But everything else will remain the same. Cloud service your game library etc etc. Always sad news when people lose their jobs though.

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Bill Loguidice
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OK, here's the first clarifying statement

Here: http://www.engadget.com/2012/08/17/onlive-confirms/

And the press release:

We can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive's apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.'s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees. All previously announced products and services, including those in the works, will continue and there is no expected interruption of any OnLive services.

We apologize that we were unable to comment on this transaction until it completed, and were limited to reporting on news related to OnLive's businesses. Now that the transaction is complete, we are able to make this statement.

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Bill Loguidice
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I've been tweeting since the

I've been tweeting since the rumor hit. The initial rumors of total layoffs and a company shut-down were not exactly correct, which I didn't believe right away for a variety of reasons, including OnLive's recent partnerships and the fact that they'd be ripe for a takeover by someone. While they have let many employees go in a seemingly slimy move to reduce liability for a sale to an as-yet-unknown third party (and, if it wasn't for their president, they could have sold out long ago), the service itself is apparently not going anywhere. I think we won't necessarily know the full details until early next week once all the dust settles...

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