Let's be fair, for a company that pulled in NT$14.59 billion (about $500 million in US currency) in net profit last fiscal quarter, $40 million isn't exactly a huge chunk of change. 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. HTC also announced it has acquired London-based Saffron Digital for about $48.6 million, although it said the buyout shouldn't affect deals with its current content partners including Nokia, Sony Ericsson, LG, and Samsung. We don't think the OnLive investment will stop the cloud gaming company from pushing its way onto
as many platforms as (in)humanly possible, but we'd be lying if we said we didn't expect HTC's versions to be even grander in scale and performance.
HTC to invest $40 million into OnLive to help with games on smartphones originally appeared on Engadget on Tue, 08 Feb 2011 00:49:00 EDT. Please see our terms for use of feeds.
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