OnLive said today it will wind down its operations and sell select cloud gaming assets to Sony’s game division. This brings to a close one of the boldest attempts to disrupt the traditional video game business and deliver high-end games to just about any computing device.
Terms of the deal weren’t disclosed. Sony Computer Entertainment will now hold a considerable amount of intellectual property in cloud gaming. It purchased the Gaikai game streaming service in 2012 for $380 million, and it used that to launch its PlayStation Now cloud gaming service, which streams games from data centers to PlayStation consoles. It enables players to play older games such as God of War: Ascension, a PlayStation 3 game, on newer consoles such as the PlayStation 4.
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