Monday, August 20, 2012

HTC to lose its $40 million investment from OnLive's financial restructuring

HTC to lose its $40 million investment from OnLive's financial restructuring

As cloud-based gaming service OnLive struggles to reform itself and cope with its pricey infrastructure, HTC's $40 million investment made last year will disappear completely, according to a recent filing to the Taiwan Stock exchange. OnLive began streaming its gaming selection to Android smartphones and tablets at the end of the same year but we never saw any exclusive features for HTC hardware. Following some tough financial results, it packed up its Korean office and recently returned half its stake in Beats, although its involvement with OnLive had never resulted in the same degree of publicity.

Filed under: , ,

HTC to lose its $40 million investment from OnLive's financial restructuring originally appeared on Engadget on Mon, 20 Aug 2012 03:30:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourcePCWorld  | Email this | Comments

Source: http://www.engadget.com/2012/08/20/htc-lose-its-40-million-investment-onlive/

gordon hayward gas prices rising stars challenge star trek 2 kathy ireland brooke mueller all star weekend

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.