OnLive, the popular streaming gaming company, has been sold to a "newly-formed" enterprise amid controversy and accusations of mismanagement. Although there is clear evidence of mass layoffs, company spokespeople have said that nearly half of employees will be re-hired by the mysterious new venture, which will be called OnLive as well. Although the meaning behind the changes is unclear, OnLive says that service will continue. Below is the full story, from the earliest rumors of the reshuffle, to the latest, breaking news on the upheaval.
Outgoing OnLive CEO Steve Perlman urges subscribers to stay in heartfelt open letter
Outgoing OnLive CEO Steve Perlman has published an open letter calling on disgruntled fans to "give the OnLive team a change to regroup."
OnLive lost: how the paradise of streaming games was undone by one man's ego
Former staffers told The Verge that though Steve Perlman was the technical genius behind OnLive, his ego was the company's undoing.
OnLive founder Steve Perlman is out: investor Gary Lauder assumes control
Steve Perlman has departed OnLive, and investor Gary Lauder has become chairman of the board.
Microsoft courts OnLive developers for Xbox and Kinect projects
Microsoft is hosting a mixer for former OnLive employees at its campus in Mountain View, California, aiming to attract talent to work on future Xbox and Kinect projects.
OnLive CEO stays on board to take the company 'to a higher level'
OnLive's CEO Steve Perlman will retain his position despite the company's recent troubles.
OnLive had over $30 million in debt and 'only days to live,' says ABC fiduciary
OnLive's mysterious assignee was Insolvency Services Group, whose CEO estimates that the company owed between $30 million and $40 million at the time the original company shut down.
BT is 'highly likely' to write off OnLive investment
British Telecom says it will likely have to write off its 2.6 percent investment in cloud gaming company OnLive, which dissolved and reformed after teetering on the verge of bankruptcy.
HTC books $40 million loss from OnLive investment
HTC has booked a $40 million loss from its investment in OnLive.
OnLive sheds light on acquisition, promises new products and uninterrupted service
OnLive has just issued a statement, confirming the sale of its assets, and promising that its services will "continue without interruption."
OnLive's bankruptcy protection filing leaves former employees in the dark
Multiple sources have confirmed that OnLive will be filing an Assignment for the Benefit of Creditors (ABC), an alternative to bankruptcy, and Polygon understands that the company will soon issue a statement to better explain what's going on.
OnLive's new mystery owner is reportedly one person, and other revelatory rumors
Joystiq has more details about the situation that lead to OnLive's mass layoffs.
Official: OnLive sold to 'newly-formed company,' will continue service
OnLive issues official word over recent layoffs and rumors.
Inside OnLive: employees fired during all-hands meeting, acquisition could be imminent
Cloud-based gaming company OnLive reportedly lays off half of staff in lead up to sale.
OnLive reportedly hit with mass layoffs, possibly filing for bankruptcy (updated)
"We don't respond to rumors and have no comment"OnLive
