In an email sent out to users of the service, OnLive said that Sony is acquiring key parts of OnLive and has no plans to continue the service in its current form:
OnLive, which originally launched its cloud gaming service in 2010, has faced a number of financial challenges over the years. In August of 2012, the company went through a restructuring and was sold to investment firm Lauder Partners after financial difficulties.
Sony's purchase of the company is likely driven by OnLive's patent portfolio. The company recently launched a cloud gaming service called PS Now for its Playstation 4 console, which gives players access to a large back-catalog of games from the Playstation 3 and is based off of technology from former OnLive rival Gaikai, which Sony acquired in 2012.
What about their Windows streaming service/app?
Get the best of iMore in in your inbox, every day!
Thank you for signing up to iMore. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.