OnLive Acquired - Service Unaffected

The cloud gaming firm, OnLive, has been acquired and will operate as a “newly formed company”. 

A statement regarding the acquisition was released to Polygon. Here’s what the firm said:

We can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive’s apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.’s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees. All previously announced products and services, including those in the works, will continue and there is no expected interruption of any OnLive services.

We apologize that we were unable to comment on this transaction until it completed, and were limited to reporting on news related to OnLive’s businesses. Now that the transaction is complete, we are able to make this statement.

It’s good news that none of the service has been affected. Unfortunately, we still don’t know who this mystery company is. There are rumoured to be job losses that are taking place with the acquisition. However, nothing has been confirmed yet. I’m sure news will drop regarding this deal in the coming week.