HTC to lose its $40 million investment from OnLive's financial restructuring

[![HTC to lose its $40 million investment from OnLive's financial restructuring][1] ][2]

As cloud-based gaming service OnLive[ struggles to reform itself][3] and cope with its pricey infrastructure, HTC's $40 million investment [made last year][4] will disappear completely, according to a recent filing to the Taiwan Stock exchange. [OnLive][5] began streaming its gaming selection to Android smartphones and tablets at the end of [the same year][6] but we never saw any exclusive features for HTC hardware. Following some [tough financial results][7], it packed up its [Korean office][8] and recently returned half its stake in [Beats][9], although its involvement with OnLive had never resulted in the [same degree of publicity.][10]

Filed under: [Cellphones][11], [Gaming][12], [Tablet PCs][13]

[HTC to lose its $40 million investment from OnLive's financial restructuring][2] originally appeared on [Engadget][14] on Mon, 20 Aug 2012 03:30:00 EDT. Please see our [terms for use of feeds][15].

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[1]: http://www.blogcdn.com/www.engadget.com/media/2012/08/htc-1345447437.jpg
[2]: http://www.engadget.com/2012/08/20/htc-lose-its-40-million-investment-onlive/
[3]: http://www.engadget.com/2012/08/17/onlive-confirms/
[4]: http://www.engadget.com/2011/02/08/htc-to-invest-40-million-into-onlive-to-help-with-games-on-smar/
[5]: http://www.engadget.com/tag/onlive/
[6]: http://www.engadget.com/2011/12/07/onlive-intros-apps-for-ios-and-android-refreshes-its-wireless-c/
[7]: http://www.engadget.com/2012/07/06/htc-q2-2012-results-57-8-percent-fall-in-net-profit/
[8]: http://www.engadget.com/2012/08/02/editorial-htcs-departure-from-south-korea-proves-a-tough-fight/
[9]: http://www.engadget.com/2012/07/21/beats-htc-realign-business-agreement/
[10]: http://www.engadget.com/2011/11/03/live-from-htcs-beats-audio-product-launch/
[11]: http://www.engadget.com/category/cellphones/
[12]: http://www.engadget.com/category/gaming/
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