OnLive Sold to New Company

<p>If you have been paying attention to the rumors that have been floating around the internet today&comma; you probably already know that the online gaming site OnLive has been the center of controversy&period; Early rumors stated that the company had gone out of business and laid off the entire staff&period; Other rumors were that the company had filed for bankruptcy or that the company had been sold and the entire staff had been laid off&period;<&sol;p>&NewLine;<p>Here is an official statement from OnLive&colon;<&sol;p>&NewLine;<blockquote>&NewLine;<p align&equals;"center">&OpenCurlyDoubleQuote;We can now confirm that the assets of OnLive&comma; Inc&period; have been acquired into a newly-formed company and is backed by substantial funding&comma; and which will continue to operate the OnLive Game and Desktop services&comma; as well as support all of OnLive&&num;8217&semi;s apps and devices&comma; as well as game&comma; productivity and enterprise partnerships&period; The new company is hiring a large percentage of OnLive&comma; Inc&period;&&num;8217&semi;s staff across all departments and plans to continue to hire substantially more people&comma; including additional OnLive employees&period; All previously announced products and services&comma; including those in the works&comma; will continue and there is no expected interruption of any OnLive services&period;<&sol;p>&NewLine;<&sol;blockquote>&NewLine;<p style&equals;"text-align&colon; left&semi;" align&equals;"center"> The Statement continues&colon;<&sol;p>&NewLine;<blockquote>&NewLine;<p align&equals;"center">We apologize that we were unable to comment on this transaction until it completed&comma; and were limited to reporting on news related to OnLive&&num;8217&semi;s businesses&period; Now that the transaction is complete&comma; we are able to make this statement&period;”<&sol;p>&NewLine;<&sol;blockquote>&NewLine;<p>There is no word as to who is behind the financial backing and OnLive is keeping their lips sealed&period;<&sol;p>&NewLine;<p>Although many OnLive employees were seen carrying personal items out of the building today&comma; &OpenCurlyDoubleQuote;a large percentage” will be hired by the new company&period; Again&comma; there is no indication what exactly the large percentage will be&period;<&sol;p>&NewLine;<p>OnLive has stated that all current games&comma; projects and services will remain intact&period;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;theverge&period;com&sol;2012&sol;8&sol;17&sol;3250589&sol;onlive-official-layoffs-statement">The Verge<&sol;a>&rpar;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;