Is OnLive service shutting down?

On Friday morning, at the next meeting of employees of the OnLive service , the pioneer of cloud games, it was announced that the company filed for bankruptcy decided to transfer all its property and rights to manage the company to creditors. (in the original Assignment for the Benefit of Creditors) and more than 200 employees lost their jobs on the same day.

Let's decide what is the same Assignment for the Benefit of Creditors or ABC for short.

The action by which a person or company (transferor) transmits a jur. the right to property of an attorney (successor), who receives the right to manage or liquidate property, as well as pay debts to creditors. Such an action is part of the bankruptcy measures and the basis for a compulsory insolvency statement on the part of creditors.

CEO Steve Perlman has confirmed that the company in its current form is ceasing to exist and that a new company will be created on the ashes from OnLive.

"[Perlman] had ceased to exist," said the former employee. “As soon as you hear that phrase, you kind of stop listening. "What is the state of my resumé?"

The difficult position of the company did not come as a surprise to anyone, this was known long before this meeting. For example, Steve in one of his interviews said that on more than 8000 Onlive servers, at the same time only an average of 1,600 people play.
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According to the former employee, all the assets of the company were acquired by an unnamed investor and that all services for subscribers will continue their work, but for how long?

And although there hasn’t been an official statement yet, the company refuses all questions by commenting on any rumors. However, despite this, there are plenty of prerequisites for believing that a company’s business is bad.

Maybe OnLive just went out before its time?

Sources

kotaku.com/5935767/onlive-filing-for-bankruptcy-new-company-to-take-its-place?tag=onlive
kotaku.com/5935905/weak-traffic-low-subscribers-meant-something-had-to-happenbut-onlive-employees-didnt-expect-the-end
www.joystiq.com/2012/08/18/documenting-the-death-of-onlive-notes-from-the-companys-final