Online game company OnLive’s latest valuation is an estimated $1.1 billion, after taking investments from new investors BT and the Belgacom Group this spring, according to a regulatory filing.
The valuation confirms that OnLive is one of the hot properties in the burgeoning game business. In June, the Palo Alto, Calif.-based company launched its online game service that delivers high-end games instantaneously to users by exploiting cloud computing and compression technologies. It is potentially disruptive because it can distribute games directly to users and cut game retailers out of the picture.
OnLive isn’t commenting on the filing with the state of Delaware. And the document isn’t clear on the details, such as who made the investments that triggered the filing. But the $1.1 billion valuation can be inferred from OnLive’s publicly stated information.
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3 Comments
August 5, 2010
Dead money...
August 5, 2010
smoke and mirrors...
August 5, 2010
BT and the Belgacom Group are going to end up very very disappointed.