Tag Archives: british telecom

OnLive’s acquisition-driven bankruptcy may cause stakeholders to lose their shares in the original company. A representative for British Telecom, which held a 2.6% stake, told TechRadar that it’s “highly likely” the company will have to “write off” the investment, but added that the amount “does not represent a significant investment for BT as a whole”. OnLive will reform as a brand new company, rehiring some core staff, while the rest have been let go.

Thanks, Joystiq.

British Telecom has said that OnLive should launch in the UK by the end of 2011.

More »