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OnLive Benefactor Revealed

by on August 20, 2012
 

The mysterious benefactor that acquired OnLive has been revealed.

Lauder Partners, LLC, headed by tech investor Gary Lauder, is the company that will keep OnLive going. Representatives from OnLive said that Lauder is a “very accomplished and well known venture capitalist.”

About half of the staff of 200 employees are being kept on, with execs receiving “reduced compensation” and CEO Steve Perlman getting nothing.

The announcement of Lauder also said that the OnLive userbase “has over 2.5 million subscribers, with an active base of over 1.5 million subscribers.”

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