onlive 11 Oct

Having only recently escaped bankruptcy, the amount paid for the company assets of streaming service Onlive have recently been disclosed. When investment firm Lauder Partners bought up the company in early August, they paid the measly sum of $4.8 million (for comparison, Gaikai was bought up by Sony for approx. $380 million back in July). OnLive’s $18.7 million debt is likely the largest contributor to the bottom-out pruchase, with analysts also speculating that the company was more available as a bulk purchase than as broken down assets.

(Source: The Verge, via Gamesradar)

Report filed by Rakan Stanbouly