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OnLive acquired for just under $5 million

OnLive, a cloud-gaming company that had at one time been poised for preeminence in that market, was recently sold for a surprisingly cheap sum.

Venture capitalist Gary Lauder acquired OnLive for just $4.8 million, the company has confirmed in an e-mailed statement to CNET. The Mercury News was first to report on the acquisition, citing a letter it had obtained. The letter, which was reportedly sent to OnLive's creditors, claims that the company owed $18.7 million. The company's creditors will only receive one quarter of that back, according to Mercury News.

Over the summer, reports surfaced, … Read more

Game on! Obama, Romney debate to stream on Xbox Live

There's plenty of places online to watch and kibitz over tonight's presidential debate -- CNN.com, Twitter, YouTube, and many more. But one place offering live streaming and interactive features might surprise you: Xbox Live.

Usually known as a place for teenage boys to spend hours playing games like the latest Halo, or for people to watch Netflix streaming movies, the popular service will offer tonight's debate between President Barack Obama and former Massachusetts Governor Mitt Romney, and is accentuating it with live interactive polling.

On the official Xbox site today, Microsoft touted its presentation of the … Read more

Hashtag 'scalpel': Hospital to live-tweet ear surgery

If you're on Twitter, you've probably followed a live-tweeted gadget reveal or political convention or Olympics event or Mars rover landing in your day. You probably have not, however, followed a live-tweeted surgery. That could change tomorrow.

As Dr. Douglas Backous performs a cochlear implant operation at Seattle's Swedish Medical Center, his moves will be tweeted live, with still photos from inside the operating room posted to Instagram (presumably not by Backous himself). … Read more

Shining light on new Kindle Paperwhite

Monday's CNET Update has a glow about it:

The Amazon Kindle Paperwhite e-reader is now shipping, and CNET has given it the Editors Choice award. You can read the full review here. The Nook GlowLight dropped its price to $119 to match the Paperwhite.

Apple has released a Wi-Fi bug fix for the iPhone 5 on Verizon. The bug caused the iPhone 5 to use data even when the device was connected to a Wi-Fi network. Verizon won't charge iPhone 5 customers for any excess data as a result of the bug, but customers should download the fix … Read more

Nook goes HD to face-off with Kindle

Wednesday's CNET Update puts a filter on it:

Barnes & Noble added two Nooks to the tablet family that have better screens and faster processors. Arriving in October, there's the 7-inch Nook HD (starting at $200 with 8 GB) and the 9-inch Nook HD+ (starting at $270 with 16 GB). They weigh in lighter than the competition and both have slots to add your own memory cards. But neither has a camera.

Gamers will be interested in the Wikipad, 10.1-inch tablet that has a controller dock with two analog sticks, a directional pad and four buttons. It … Read more

Instagram updates for iPhone 5 and ditches live filtering

With the debut of Apple's iPhone 5 and its new bigger 4-inch screen, developers had to madly rush to redesign their apps to fit the device. Instagram announced today that its app is now ready for the iPhone 5 and iOS 6.

"Instagram version 3.1 is available in the App Store!" the photo sharing app wrote in a tweet. "Updates for iOS 6, iPhone 5, and more. Android 3.1 coming soon."

Version 3.1 shows photos filling the smartphone's full screen and also updates the registration process for new users. The photos … Read more

Facebook Offers no longer free

Facebook Offers aren't free for merchants anymore. As the company seeks new ways to increase revenue, it has started charging businesses to run deals on its site.

The social networking giant launched Facebook Offers earlier this year as a free service that allows business to send promotions directly to user news feeds. A company's Facebook fans are able to redeem vouchers for discounts.

The offers remain free for users to redeem, but Facebook now requires merchants to spend at least $5 on related ads to accompany their vouchers, the company said today. The amount charged will depend on … Read more

The Nintendo Wii U press conference: Join us Thursday (live blog)

Since they were first teased more than one year ago at E3 2011, we've seen and sampled Wii U hardware and games a few times, but without any official information on how much the system and its accessories will cost, or when it would be available, beyond the holiday 2012 time frame.

All that is expected to change on Thursday morning in New York, where Nintendo is hosting a press conference just one day after Apple's iPhone 5 event.… Read more

Apple's iPhone event: Join us Wednesday (live blog)

Editors' note (September 12, 2012): It's official, folks. The iPhone 5 is for real. Our first impressions, plus additional full coverage.

Apple is holding its much-anticipated fall event on Wednesday, and you can get your full dose of the news right here.

The press conference, which is expected to bring Apple's next iPhone, takes place at the Yerba Buena Center for the Arts in downtown San Francisco and kicks off at 10 a.m. Pacific. CNET's Scott Stein and I will be bringing you the news live.

You can tune in to the live blog here:

CNET's live coverage of Apple's event on Wednesday Read more

Live from Berlin: Sony's IFA press conference (Wednesday, 7 a.m. PT)

The Internationale Funkausstellung Berlin (better known as IFA) is Europe's answer to the Consumer Electronics Show. And like that Vegas extravaganza, the consumer electronics world kicks off the Berlin tech fest with back to back press conferences that stretch over several days.

Among the first up is Sony. CNET will be blogging the event live on Wednesday at 10 a.m. ET/7 a.m. PT, with reporters on the ground in Berlin (and others stateside, monitoring via the event's live video stream). Among the rumored product announcements: an 84-inch 4K TV and possibly as many as two … Read more