News
Old OnLive Owes Around $18.7M; Sold For Just $4.8M
www.tomshardware.com
[Tom's Hardware Guide] - Insolvency Services Group CEO Joel Weinberg said in the letter to creditors that OnLive was running out of cash and decided to liquidate its assets through the bankruptcy alternative. Lauder's offer reportedly arrived just days before the company went
Google News: Onlive assets bought by Insolvency Services Group for $4.8 million
[GamingBolt] - Insolvency Services Group CEO Joel Weinberg has revealed that (via Mercury News) that they have purchased Onlive's assets for $4.8 million. If they didn't do it Onlive would have collapsed. He said: “Had the sale to the buyer not taken place, the
OnLive Purchased for $4.8 Million
www.411mania.com
[411mania.com] to preserve and market OnLive's patents and other intellectual property, thus greatly reducing expected recoveries essentially to those of a forced piecemeal auction," says Insolvency Services Group CEO Joel Weinberg in the letter to OnLive's
Cloud game service was a disaster
news.techeye.net
[TechEye] - Joel Weinberg, president of Insolvency Services Group (ISG) which handled the sale said that if the sale had not taken place, the company would have not had enough cash to fund the significant costs to preserve and market OnLive's patents and other
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