An employee of OnLive has revealed that the cloud gaming company has officially been purchased by “an unknown party.” Engadget, which cites the unknown ex-employee as a source, states that around 50 per cent of OnLive’s staff have been laid off, which has come just as the company was reported to be making “across.

According to a rather large amount of speculation that has been building up lately, Microsoft will soon be launching the “Xbox Live Companion” a mobile and tablet based app that will play “additional content” in tandem with a game running on the Xbox 360. It is currently believed that the devices will sync with.