Report: OnLive valued at over a billion dollars

We knew the technology powering the compression and streaming capabilities of OnLive was actually the work of dark and ancient sorcery, but we never would have guessed how profitable said sorcery actually is. According to a report fromVenture Beat, a regulatory filing issued in May seems to indicate that the company's 342 million shares can be valued at around $1.1 billion.

If this sounds like the kind of moneypie you'd like to enjoy a slice of, the filing values some 8 million new shares created in May at $7.50 a piece. You could totally get down on one of those, then sit back, and just watch the finances roll in. We're pretty sure that's how shares work. You get them, and then the company shares its money with you.

This article was originally published on Joystiq.