HTC loses $40 million for restructuring of OnLive
The Taiwanese manufacturer HTC smartphone said it will lose $ 40 million investment in OnLive , a service of video games through internet facing a serious restructuring with large numbers of layoffs after nearly going bankrupt .
HTC should report the matter to the Taiwan Stock Exchange, after the company invested $ 40 million in February last year in the company. The measure was at that time as a move to bring more content online to their smartphones.
OnLive game Streaming started making PCs, and last year expanded its business to tablets and smartphones. The service lets you run games in the cloud – that is, the games are run on the servers of the company, and are transmitted over the Internet to players, which can be accessed via a subscription to a catalog of available games.
The high cost of infrastructure has to keep this type of service prompted OnLive failed to generate profits. On Friday, the company said it had been acquired by a new owner who has not been revealed.
Other OnLive investors are Warner Bros., Autodesk, Maverick Capital, AT & T and others.
Link: HTC Loses $ 40 million from OnLive Restructuring (PC World)Tags: games, HTC, OnLive, Streaming, U.S., video