There was quite a hullabaloo yesterday over the alleged death of OnLive, though currently it seems the company will in fact live on—though it's unknown what form the game-streaming service will take going forward.

An email was sent out to several sites claiming that "by the end of the day today, OnLive as an entity will no longer exist," and that all employees were being/had been laid off. Reportedly, the company had filed for a special kind of bankruptcy that protected them from creditors.

Later, that message was "recalled," and execs denied the reports, but even later it was revealed that the layoffs were indeed happening—as a way of "cleaning house" in anticipation of some sort of buyout.

So it appears most, if not all, employees have been laid off (with no severance, if current reports are accurate) and OnLive is about to be/has been purchased by an unknown entity.

Our condolences go out to anyone who lost their job yesterday. But OnLive's services aren't expected to be interrupted at this point. Phew! Any guesses as to what's in store for OnLive's future? Who do you think the buyer is? Tell us your predictions in the comments or on Twitter.

[via Kotaku via Polygon via reddit]

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