Video Gaming Company OnLive Lives Again Thanks to an ABC Contract

When OnLive debuted, the California-based cloud gaming company created lots of buzz. Web sites, blogs and numerous media outlets featured its plans to stream video games over the internet to subscribers who pay monthly or per-game fees. Recently, media attention shifted to the sale of financially-troubled OnLive's assets to Lauder Partners LLC, a venture capital firm that invests in technology, via an Assignment for the Benefit of Creditors (ABC) process. An ABC is an alternative –…