Cloud Computing: OnLive Shutting Down After Sony Acquires Patent Portfolio
April 4, 2015
Grazed from LegitNews. Author: Nathan Kirsch.
In 2010 we first learned about the OnLive Game Service and how they were going to be one of the dominant companies in building the future of cloud computing. In late 2012 the company was acquired by Lauder Partners and a new company was formed called OnLive Inc.
Over the years the Onlive Cloud Gaming service has been used by millions of users in the US and Europe, but that appears to be coming to an end on April 30th. It appears that Sony has stepped in and bought many of the assets that OnLive had in a deal that has not had the terms disclosed…
Sony basically bought the 140 patents that made OnLive unique and will be using them for their PlayStation Now streaming service. Over offloading their most valuable patents to Sony it appears the California-based company will be shutting down.
Read more from the source at http://www.legitreviews.com/onlive-shutting-sony-acquires-patent-portfolio_161139#6T3IG3fiiOvPTmtU.99