This info appears to source back to Brian Fargo, a developer not directly affiliated with OnLive who nonetheless claimed a source inside the company had told him the shutdown was taking place.
I'm glad you decided to note the unconfirmed sourcing in the article, but I hope that in the future the press is able to recognize that if something is going to be a story...it will be a story.
If an unofficial source tells you that a company will go bankrupt then you call an official source. If the official source has no comment you investigate as much as you can. The best way to find out if Onlive will file for bankruptcy is if the company announces they will file for bankruptcy or if you watch the bankruptcy court database for mentions of Onlive.
This isn't as bad as the Half-Life 3 at Gamescom stuff from a couple days ago, but it is still pretty non-story right now. I thought that Giantbomb had more info in the update so I clicked on the article. Turns out it was just more "anonymous source" stuff from Kotaku. It's more believable that the company is reformatting, but there is still no official word.
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