OnLive sells assets to new company

Cloud gaming firm plans to hire 'substantially more people' despite layoffs

OnLive has sold its assets to a newly formed company with 'substantial funding', it has revealed.
In a statement to Develop, the cloud gaming company said it will continue to operate its streaming services as well as support all of its apps and devices.

The name or the exact nature of the new firm was not revealed.
Other details however such as why staff were laid off and how many were also not disclosed, but it said it was hiring a large percentage of staff across all departments at OnLive.
The statement also said it would be hiring "substantially more people", including additional OnLive employees despite the layoffs.

http://www.develop-online.net/news/4...to-new-company