OnLive has just issued a statement about its major corporate shake-up, confirming the sale of its assets, and promising that its services will "continue without interruption." The company says that on August 17th, all of its assets "were acquired by a newly formed company that will continue to operate under the OnLive name," and has confirmed that it is restructuring under an "Assignment for the Benefit of Creditors" — an option for struggling companies that allows them to transfer all of their assets to another one to run the business more efficiently, to prepare the company for a quick sale, or other purposes.
OnLive says that Lauder Partners — a venture capital firm that's invested in companies like Aereo and LiveScribe — is...
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2012/08/20 01:12 The Verge - All Posts
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