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Sony Buys, Shuts Down OnLive

Posted by samzenpus on from the circle-of-business dept.

Jay Maynard writes The OnLive gaming service that rose from the dead and became an inexpensive way to get high-end performance on low-end hardware has now been purchased by Sony Entertainment. Their games, desktop, and SLGo Second Life services will all end on April 30, 2015, and be free to use until then."

2 of 249 comments (clear)

  1. Good by rsilvergun · · Score: 5, Interesting

    and I hope the CEO lost money, but I bet he made out fine. The guy cheated his engineers out of millions. He paid them in stock options while they built the company from nothing and then folded the paper corporation right before the investment money came in.

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  2. Re:The future of console games by Luckyo · · Score: 4, Interesting

    Nope. Bankruptcy specifically voids most of the promissory obligations like these, and if steam were to go under, company that purchased it would likely push it through bankruptcy to get rid of most of the said obligations.