OnLive was reportedly sold for roughly $5 million to venture capital firm

Even though weeks have passed since that well-documented OnLive kerfuffle took place, where unfortunate layoffs and the formation of a "new company" were at the forefront of it all, previously unknown details are still coming out of the woodwork. According to Mercury News, the once-promising cloud gaming outfit was purchased by a venture capital group for a mere $4.8 million, which appears to be a relatively small amount of cash for an outfit once valued upwards of $1.8 billion - not to mention when compared to, say, rival Gaikai's $380 million sale to Sony.

Engadget , OnLive was reportedly sold for roughly $5 million to venture capital firm, OnLive was reportedly sold for roughly $5 million to venture capital firm