Friday, 6 August 2010

OnLive Valued At $1.1 Billion

Analysts have estimated that videogame streaming service OnLive could be worth at least $1.1 billion.

BT and Belgacom both purchased a 2.6% stake in the company for an estimated $30 million each, and with a Delaware filing suggesting OnLive shares are worth $7.50 each, analysts predict the company could be worth a total of $1.1 billion, although it could be as high as $2.2 billion.

OnLive launched in the US in June, and it was claimed that consumer demand exceeded expectation, although no subscriber figures were made available. The service is due to launch in Europe later this year, with BT having exclusive rights in the UK.

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