A venture capital firm has purchased Palo Alto-based cloud video gaming firm OnLive for a mere $4.8 million dollars. OnLive, which provides cloud-based streaming gaming through a simple set-top hardware device or through personal computers, was recently in the news because it was forced to create a new company and layoff workers to secure the deal. OnLive’s acquisition by a venture capital firm at this price is surprising, especially in light of the fact that its rival, Gaikai, was purchased for $380 million dollars by Sony. Engadget reports that OnLive was once valued at $1.8 billion, so its recent sale indicates that extent of the outstanding debt of OnLive at the time of its sale.
The answer is legally complicated since the Food and Drug Administration (“FDA”) has defined the term “healthy” to apply to foods, not dietary supplements. On the other hand, in some circumstances, certain types of oils — like olive oil — are now eligible to use the “healthy” label. Thus, if your supplement is an oil […]
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Naked trademark licensing can invalidate your trademark. Learn what it is, why it matters, and how to structure licensing agreements that protect your rights.
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Social media influencers can earn thousands per sponsored post, but need proper contracts and FTC compliance. Revision Legal’s internet attorneys protect influencer income and rights.
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