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Previous reports that said OnLive founder Steve Perlman would stay with the beleaguered firm are false – he’s leaving. The founder of the cloud gaming firm is moving on from the post of CEO and president. New investor Gary Lauder is to become chairman, with Charlie Jablonski, former head of …
Read More »OnLive founder Steve Perlman remains as CEO
Further announcements to be made on the future of the company over the next few months
Read More »Perlman remains OnLive CEO; Company debts had reached $30-40m
Serving OnLive CEO Steve Perlman will hold onto his position at the company despite its recent collapse and rebirth. The recent transition was the hardest thing we at OnLive ever had to go through in our careers,” a statement issued to fansite OnLive Fans reads. It’s unprecedented to do what …
Read More »OnLive ‘had days to live’ after accruing debts of $40m
Creditors likely to only receive around five to ten cents on each dollar owed
Read More »BT prepared to write off OnLive investment
UK telephone and internet provider BT has said that it believes its 2.6 per cent stake in troubled cloud gaming firm OnLive will probably be written off. OnLive folded at the weekend only to instantly emerge again under a new owner, using the same assets, technology and IP. However, over …
Read More »OnLive reveals new owner as Lauder Partners
50 per cent of staff laid off as former investor takes full control
Read More »Lauder Partners is new OnLive owner; Over half of staff "non-hired"
Existing OnLive investor Lauder Partners has been revealed as the new owner of the cloud gaming company. The value of the deal is unknown. Although the staff of and investors in OnLive are left with little doubt as to the value of their assets – absolutely nothing. Lauder Partners is …
Read More »UPDATED: 1,600 users – the story of OnLive’s collapse starts to emerge
The truth about OnLive’s demise will take time to emerge – but already a solid picture is being formed. And at the heart of it are user numbers. OnLive has never given out detailed user numbers, beyond vague statement of phenomenal interest” and growing user bases”. But if the numbers …
Read More »OnLive demise confirmed; ‘New’ OnLive hiring percentage of old staff
After a night of wild rumour and corporate denials, the demise of OnLive in its current form has been confirmed. And as suspected, a new company has emerged as part of pre-agreed bailout deal that will continue to operate the OnLive name and services. We can now confirm that the …
Read More »OnLive sells assets to new company
Cloud gaming firm plans to hire 'substantially more people' despite layoffs
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