TECH
08/18/2012 11:18 am ET

OnLive's Assets Sold To Another Company

In the face of a myriad of rumors and conflicting reports this morning, the pioneering cloud gaming service OnLive confirmed today that its assets have been sold to a new, still unnamed company. OnLive will continue to operate its services during the transition and the new company is backed “by substantial funding,” said a spokeswoman for Steve Perlman, the chief executive of OnLive.

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