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OnLive sold for only $4.8 million

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OnLive sold for only $4.8 million

The struggling games streaming company OnLive sold its assets in August. Although users have been unaffected by the transfer, many have been wondering what OnLive is worth now. It's not pretty. The company once valuated at $1.8 billion (with a "B") sold for only $4.8 million (with an "M").

Read more: Company was $18.7 million in debt »

"That guy who played xcom on his iPad at work streaming from his home PC was the first instance ..."
- bolneze    See all 27 comments


Report: OnLive's former CEO pulled the plug on game deals

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Report: OnLive's former CEO pulled the plug on game deals

Why did OnLive implode over a week ago? It simply wasn't making any money. Although the service had attracted millions of users, very few actually bothered to buy content on the service. At most, there were 1600 concurrent users at any given time, making OnLive's thousands of servers a money-burning waste.

As a service, OnLive had many hurdles to overcome. In addition to steep bandwidth requirements, it simply didn't offer a very attractive library. And some former employees blame former CEO Steve Perlman for scaring off potential partners.

Read more: Scaring away EA, Bethesda, and Valve »

"Looks like the technology wasn't the hardest thing about OnLive after all."
- Endymion_    See all 8 comments


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