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August 21, 2012 08:05 pm EDT
Gamesindustry | 
Tech Radar ||Comments
Original Link: http://www.engadget.com/2012/08/21/bt-likely-to-write-off-onlive-cash/
BT planning to write off 2.6 percent stake in troubled OnLive
BT thinks that it's "highly likely" it'll let its 2.6 percent stake in OnLive go to the wall. It told TechRadar that it was keeping a "close eye" on the gaming venture which is restructuring in the face of spiraling debt costs. The telecoms provider has promised that its customers will be able to access the service (for as long as it exists, we guess) and that the investment is a small enough figure that it won't be worrying too much about its balance sheet.
BT planning to write off 2.6 percent stake in troubled OnLive originally appeared on Engadget on Tue, 21 Aug 2012 16:05:00 EDT. Please see our terms for use of feeds.
PermalinkGamesindustry | Tech Radar ||CommentsOriginal Link: http://www.engadget.com/2012/08/21/bt-likely-to-write-off-onlive-cash/
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