HTC invests $40 million in OnLive

Posted on Tuesday, February 08 2011 @ 22:19 CET by Thomas De Maesschalck
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.

Source: Engadget


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



Loading Comments