After Purchasing OnLive, Sony Announces its End

After acquiring the struggling game streaming service OnLive for an undisclosed sum, Sony announces the end of its services later this month.
In a statement from OnLive, they reveal that the company will begin winding down its company and eventually cease operation. Sony states the purchase will lead to "great opportunities for our gamers, and gives Sony a formidable patent portfolio."

Presumably the patents and technologies OnLive used appear to be the primary reason for the purchase, and will be used to beef up the PlayStation Now service.

Source: C|Net