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OnLive a bargain at $4.8 million

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by on October 11, 2012 5:35 am
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OnLive

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.

CiiNOW enters the cloud gaming scene on Android

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by on September 12, 2012 11:09 am
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CiiNow

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

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.