Steve Perlman, the founder and CEO of OnLive, has left the company after the company was recently bought by Investment firm, Lauder Group.

“Steve has created an extraordinary company that no one else could have created. He is a unique entrepreneur and deserves his legendary status in Silicon Valley as a creator of groundbreaking companies,” said the chairman of the newly formed company, Gary Lauder.

It is unclear whether he was fired or left on his own accord, but it seems like it’s the former. Earlier it was rumoured that he wouldn’t leave the company, but looks like that was obviously fake.

“The new OnLive is emerging with greater financial security and a brighter outlook on the future. OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products and services. I spent my first week with OnLive listening, to gather people’s thoughts and suggestions. It’s an impressive group, and I am even more convinced that this company is poised for greatness,” Lauder added.

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Via Eurogamer.