OnLive had previously raised more than $40m from AT&T, HTC and other strategic investors.
Venture capitalist Gary Lauder reportedly paid $4.8m for the remnants of US-based gaming company OnLive when it went through its insolvency process this summer, according to a letter obtained by newspaper Mercury News.
OnLive had previously raised more than $40m from AT&T, HTC and other strategic investors.
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