An official statement has been released from OnLive confirming reports that they have now been bought by a “newly formed company”.
The statement confirms that OnLive services and all future developments will continue with “no expected interruption”.
“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.”
There is no mention, however, of the 50% cut in staff, or even a mention of who the identity of the buyer is. What’s most important to most of you out there, though, is that apparently OnLive services will go on uninterrupted, which must be a huge relief for anyone who has purchased a game on that service.