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 Federal Trade Commission (FTC) has issued final amendments to its trade regulation rule concerning negative option plans, also known as the “click to cancel rule.” This rule aims to address widespread deceptive practices that prohibit customers from cancelling services in the same manner in which they signed up. Here’s a detailed summary of the […]
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Introduction Being an ecommerce merchant is hard; you have to keep an eye on your advertising spend, control your inventory, and make sure your customers are happy. Additionally, you also have to navigate a complex landscape of legal responsibilities. One of these areas, which is often overlooked, is product liability. Product liability law holds manufacturers, […]
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Introduction In our increasingly digital world, the significance of internet privacy is paramount. Internet privacy attorneys are essential in safeguarding the rights of individuals and organizations against various privacy-related challenges. This blog post delves into the key issues these attorneys address. Data Breaches and Cybersecurity Data breaches occur when sensitive information is accessed or disclosed […]
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