Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
August 20, 2012 07:30 am EDT

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 ||Comments

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

Share this article:    Share on Facebook
View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget