OnLive has officially closed its doors, ending the video game streaming service.

Remember when OnLive boldly declared that it would make gaming PCs obsolete by providing high-quality instant video game streaming, in the vein of Netflix. Far from the bright gaming future it promised, OnLive was unforuntately hit by setback after setback, and now, it looks like it is finally closing for good and selling whats left to Sony.

OnLive's game service will cease on April 30. After that date, all accounts will be closed and all user data will be deleted, the company said. "Following the termination of the company's services and related products, OnLive will engage in an orderly wind-down of the company and cease operations," it added.

When OnLive filed for bankruptcy in 2012, the company was restructured, and its assets were purchased by a newly formed company, OL2 Inc., that year. However, the public perception of the company's "failure" is what became somewhat of a self-fulfilling prophecy for the new OL2.

"Although the new company continued all of OnLive's services from that moment forward without interruption, the public perception was that OnLive was gone," the company said in a blog post today. "That misconception continues well into 2015. In fact many of the recent articles that mention OnLive refer to it as 'defunct' or something similar. Overcoming the perception of being dead has been one of the unanticipated challenges of the turnaround."

"We are happy that Sony is validating the innovations of OnLive by purchasing our IP and selected assets, and are immensely proud of the work that has been done by the talented team at OnLive, and we thank them for their amazing work," OnLive said.

Source: OnLive