OnLive

OnLive assets sell for only $4.8 million

OnLive assets sell for only $4.8 million

OnLive launches a cloud-based gaming company that many people expected to change the face of gaming away from consoles to Internet streamed video games. The company promised more than just casual games such as Tetris or Farmville. OnLive streamed full versions of many popular PC games directly to your PC including FPS titles and more. The problem for OnLive was that subscriber numbers never lived up to the hype the company generated at launch.

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SlashGear Evening Wrap-Up: August 28, 2012

SlashGear Evening Wrap-Up: August 28, 2012

Welcome to Tuesday evening, folks. A number of Samsung devices are threatened by Apple's motion to ban their sale, but Samsung assured today that it will "take all necessary measures to ensure the availability" of those targeted devices in the US. Jury foreman Velvin Hogan spoke to Bloomberg about the Apple-Samsung trial today, discussing the difficulties the group ran into while trying to decide a winner in the case and the process of determining which company was in the right. It's an interesting interview, so be sure to give it a watch.

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Steve Perlman out at OnLive after all

Steve Perlman out at OnLive after all

There were a lot of gamers out there who were worried when big changes came to OnLive a few months ago. The company was having significant financial problems and laid off a huge portion of its staff. After laying off a lot of its staff, the company announced a restructuring plan. As of last week, OnLive founder and CEO Steve Perlman was going to remain with the company.

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SlashGear Evening Wrap-Up: August 24, 2012

SlashGear Evening Wrap-Up: August 24, 2012

Friday is here once again folks, and what a Friday it was. What started out as a relatively slow news day became very exciting later on, as the jury deciding the Apple and Samsung case delivered their verdict after only three days of deliberation. The verdict? Let's just say that Apple's lawyers will be having a celebration tonight. Samsung was found guilty of multiple patent infringements, and a lot of that patent infringement was found willful by the jury. To make matters worse for Samsung, the jury found that it wasn't owed any damages by Apple. Needless to say, we think there will be an appeal.

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OnLive CEO stays with the company

OnLive CEO stays with the company

It seemed like the failure of OnLive came out of nowhere when we first heard of it a few days ago. Everyone was excited about OnLive being supported on the Ouya console that did so well on Kickstarter and then rumors started late last week that OnLive was in serious trouble. Shortly after those rumors started we learned that OnLive was in dire financial straits.

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SlashGear Evening Wrap-Up: August 20, 2012

SlashGear Evening Wrap-Up: August 20, 2012

A new week has begun, and as such we have a new round of news to recap in the Evening Wrap-up. Today it was revealed that Apple has become the most valuable public company in history which, while pretty monumental, wasn't entirely unexpected. The jury for the Apple vs. Samsung patent suit is set to begin deliberation tomorrow, but before they do, Apple and Samsung's CEOs will be conversing over the phone, despite the fact that settlement talks between the two companies apparently didn't go anywhere.

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OnLive details restructure as HTC loses $40m investment

OnLive details restructure as HTC loses $40m investment

A wave of confusion surrounded OnLive over the weekend, with employees reportedly being let go from the company. Soon after it was announced that OnLive had been acquired by another company, with details now emerging that the company will trade using OnLive's name, with all assets having been transferred over except shares and staff. Some employees will be hired back, but over half will be left without a job as a result of the transaction.

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Ex-OnLive employee claims half of workforce laid off

Ex-OnLive employee claims half of workforce laid off

Friday was something of a whirlwind day for the employees and executives of OnLive. At the start of the day, we heard that OnLive would be shutting down, with a number of employees saying they had been handed pink slips. Throughout the day, OnLive executives claimed that everything was fine. After the end of business of Friday, OnLive announced that it had been "acquired into a newly-formed company" and with this freshly-found financial backing, would be re-hiring a "large percentage" of its staff as it makes this transition.

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SlashGear Evening Wrap-Up: August 17, 2012

SlashGear Evening Wrap-Up: August 17, 2012

Friday has come and gone, which means that the weekend is here once again. The latest iPhone 5 rumors have propelled Apple's stock to its highest point ever, and it turns out the company's funds will go toward helping tap a recently-discovered underground river in Crook County, Oregon. Earlier today we saw a picture of what was reported to be the Samsung Galaxy Note II, but later on in the day Daniel YU informed everyone that it was just his mock-up used without his permission. That's disappointing, but his mock-up looks great, so be sure to check that out.

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