Video gaming service OnLive prepares to shut down, sells patents to Sony
April 4 , 2015
OnLive, the video gaming service, is set to shut down after it sold many of its patents to technology giant Sony.
The US firm allowed owners of tablets and PCs to play console titles running on its servers but controlled by the gamers in their own homes.
Sony is likely to use the patents to boost its PlayStation streaming service.
The two companies did not reveal the terms of the agreement. Though once valued at $1.8 billion, OnLive has gone through a turbulent phase in recent years.