HTC announced a $40 million investment in cloud gaming firm OnLive. The Taiwanese phone maker explains the move will strenghten its gaming capabilities and help HTC tap into increased demand for games on smartphones.
. But the recipient of HTC's money this go around is mighty interesting: cloud gaming experts OnLive. Said company spokesperson Maggie Cheng via Wall Street Journal, this will "strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones" -- yep, smartphones.
Additionally, HTC also announced it has acquired London-based Saffron Digital for about $48.6 million. This company is specialized in mobile video delivery.