HTC Invests $40 Million In Cloud Gaming Company OnLive

HTC has invested $40 million in cloud gaming company OnLive. HTC spokesperson said that this investment will “strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones.” HTC bought 5.33 million shares in OnLive at $7.50 per share. [Engadget]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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