Killing Rumors, OnLive Says it Has Been Sold and Will Continue Service

By Karla Robinson
August 20, 2012

Watching people leave the building with personal possessions and white sheets of paper only fed the rumors that streaming game provider OnLive was giving out numerous pink slips — and worse, that the company was going under.
Now, a company spokesperson has issued a statement saying the rumors are not true and that OnLive has been purchased.
“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,” according to the statement.
“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,” notes the statement. “All previously announced products and services, including those in the works, will continue and there is no expected interruption of any OnLive services.”
Even so, The Verge suggests some questions remain unanswered: “OnLive’s customers will no-doubt be happy to know that service will be maintained, but beyond that we will have to wait to find out exactly what the reasoning is behind today’s very strange drama.”

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