Sony Computer Entertainment has acquired the technology patents behind streaming service OnLive.

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The terms under which the deal was made have not been shared, but Sony now owns several of OnLive's assets, including its US and International portfolio patents on cloud gaming.OnLive is a streaming service specializing in cloud-based video game play on multiple devices. Once it begins to cut its services and products, it will downsize and eventually close down.It will remain active until April 30, and no subscription renewals will be charged as of today, April 2. OnLive adds that those who were charged for their subscription renewal after March 28 will be issued refunds.Sony has not yet discussed what their plans are with this technology, but it's likely they acquired the patents to add to their game streaming service PlayStation Now. They made a similar move back in 2012 when they purchased the cloud gaming service Gaikai pla

Cassidee is a freelance writer for various outlets around the web. You can chat with her about all things geeky on Twitter