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OnLive sold to new company, OnLive, amid layoffs: the full story

19 updates since Aug 17, 2012, 6:58 PM UTC
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onlive stock 1024 hq lytton

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.