USA TODAY OnLive Averts Shutdown With Sale of Assets to New Backer Businessweek By Michael White on August 18, 2012 OnLive Inc., the online video-game company founded by Web pioneer Steve Perlman, soldits assets to a newly formed parent that will provide funding to keep the struggling service running. OnLive assets sold, services will continue USA TODAY OnLive Service 'Not Shutting Down' — But Entire Staff Laid Off Mashable OnLive Sold to 'Newly Formed Company,' Will Continue Operations PC Magazine Kotaku – Engadget – Computerworld all 150 news articles