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  • Aug. 20, 2012, 12:21 AM
    After laying off the majority of its staff, cloud gaming service OnLive announces it has been sold to investment firm Lauder Partners in a deal that will wipe out existing equity (and perhaps trigger lawsuits). It's a major blow for a service many saw as a threat to Microsoft, Sony, and Nintendo's consoles, due to its ability to stream games to a variety of platforms. OnLive has struggled with high operating costs and competition from the Steam distribution service, which offers more titles. (Sony/Gaikai)
    | Aug. 20, 2012, 12:21 AM