The cloud gaming service OnLive was in a pretty bad way in the lead up to its acquisition. There were mounting debts heading for the $20 million mark and disappointed investors like HTC were not about to pour more money in. In the end OnLive took a bankruptcy alternative that allowed it to liquidate its assets. In effect there were mass lay-offs and the assets were sold to venture capitalist Gary Lauder for $4.8 million.
Cloud gaming has been touted as the next big thing for a while now, but it’s yet to really take off. The two big players in this space were OnLive and Gaikai, but now a third company has entered the fray – CiiNow intends to bring the latest PC and console games to your tablet or smartphone and the platform will run on Android.
OnLive was reportedly on the verge of bankruptcy when the majority of its employees were sacked and it got acquired by a group of investors, including investment firm, Lauder Partners. A new company will be formed using the same assets and service will continue uninterrupted.
Sony unveils details about the relaunch of Playstation Mobile, known as Playstation Suite before – 30 new games and more certified devices. Will this be Sony’s big break into the mobile market?
Excited at the prospect of the latest console games on your Android tablet or smartphone? Sony’s acquisition of Gaikai and its forthcoming Android client could signal something awesome for the platform.
There are two important cloud gaming services right now: OnLive and Gaikai. And it seems that Sony wants to integrate both of them into their current and future products.
First, it looks... like Sony plans to include support for the OnLive cloud gaming service in their upcoming Google TV set top box, memorably named NSZ-GS7. The features of Sony’s set top box will hopefully justify...
Hardcore gamers are most likely aware that this year’s Electronic Entertainment Expo, or E3, takes place in Las Vegas this week, therefore we’re being bombarded... with gaming-related news from left and right. In fact, Samsung decided it’s time to become a “major force in the video game industry” and released a press release to announce its Samsung Cloud Gam...