Did OnLive Gut Its Employees' Stock Options to Make Itself Cheaper to Buy Out?
Posted by Kotaku Aug 19 2012 19:30 GMT in OnLive
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#onlive In the aftermath of OnLive's not-really-bankruptcy, not-really-restructuring comes this rumor from TechCrunch, which may explain why the cloud-gaming service would want to, effectively, terminate itself as a company, but not its services, nor offer up any of its assets for liquidation to settle its mounting debts. OnLive, suggests TechCrunch, opted for its technical "form of bankruptcy" to zero out employees' equity in the company—and thus reduce the potential price of an acquisition. More »



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