It is being reported this evening that not only has OnLive lost 50% of it’s staff today, but the firm has been bought out by an as yet unknown third party.
A former employee has confirmed the layoffs, with an additional source reportedly confirming to Engadget that the firm has been bought out for an undisclosed fee by a third party buyer. Staff were only informed of the layoffs this morning and have not yet been offered any kind of severance.
OnLive are refusing to comment on this report at this time. We’ll keep you updated.