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: Cellphones , Gaming , Tablet PCs 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.
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