It turns out, ABC is a preferred method for debtor companies backed by venture capital to satisfy creditors, because it allows such firms to preserve their assets while staying viable long enough to find a buyer for those assets.

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Col Gaddafi gave an interview in the capital Tripoli for BBC Middle East editor Jeremy Bowen, US TV network ABC and the UK's Sunday Times newspaper.

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The ABC process allows OnLive to be unshackled from the expensive server contracts and bring in a new source of venture capital.

ENGADGET: OnLive hits reset after being dragged down by expensive servers, confirms service will continue