OnLive Was OnDead Last Summer: $18 Million In Debt, Sold For $4.8 Million

Another step in the OnLive saga comes to us from the Mercury News where reporter Troy Wolverton writes that investor Gary Lauder paid $4.8 million for the company assets and that OnLive was $18 million in debt after raising $40 million from AT&T and others. The news appeared in a letter from Joel Weinberger, CEO of Insolvency Services Group.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/P_DdX0kB4M8/

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