chapset said:
not financially apparantly: On 17 August 2012 the company laid off all of its employees.[27] OnLive entered into a proceeding known as an "Assignment for the Benefit of Creditors", wherein all previous OnLive shareholders purportedly lose their stakes in the company.[28] OnLive then sold off its assets and started a new company, also called OnLive.[29] On 20 August 2012 the company officially revealed Lauder Partners as the buyer.[30] On 27 August 2012, founder Steve Perlman stepped down as CEO,[31] Gary Lauder became Chairman, and Charlie Jablonski, former VP of Operations, was appointed COO and acting CEO.[32] It was revealed in October 2012 that OnLive was sold for only $4.8 million. For a company that analysts once estimated was worth approximately $1.8 billion, there was some surprise at the low figure for which the company was sold. Some analysts speculated that the true value of the patents held by the company was potentially in the hundreds of millions of dollars, but that the firm's poor bargaining position led to the cheap sale. |
Damn then I guess microsofts gonna need to charge a $200 dollar fees yearly in order to maintain dat cloud LOL.
