Quick Jump Daily Digest
Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.
OnLive Saved at the Buzzer |
Listed in: News Tags: gary lauder, lauder partners, onlive, steve perlman, streaming
Towards the end of last week, the games industry received a bit of a shock when OnLive CEO Steve Perlman announced that the company was going bankrupt, and would be laying off its entire staff. Perlman immediately began looking for someone who could take over OnLive’s assets and make an attempt to pay off its creditors.
Today, we know a bit more about the man who stepped up. Lauder Partners, LLC, which is run by tech-investor extraordinaire Gary Lauder, purchased OnLive’s operations and is attempting to help bail the company out of its dire financial straits. The good news? Nearly half of OnLive’s employees get to keep their jobs. Maybe more, depending on how things play out.
It’s worth noting that through this whole process, OnLive has made it exceptionally clear that no changes will be seen in OnLive’s services, and current players will not lose their purchases.
Things still look rocky for OnLive—look for more details as the transition moves forward.
Do you use OnLive?
[Joystiq]
| 25% of voters think this story ROCKS! |
|
|
Comments
Reply
Reply