Featured: HTC Loses $40 million in Investment from OnLive's Collapse

It's starting to seem like HTC are struggling to catch a break. The company now stand to lose $40 million of an investment the Taiwanese company put into the online streaming company to bolster their gaming potential in the mobile market. After OnLive's tragic and sudden collapse over the weekend it looks as though HTC stand to lose the cash even though OnLive had field for an Assignment for the Benefit of Creditors which should allows investors to get some of their cash back. However, HTC aren't too optimistic about that and have announced the cool loss of their $40 million investment to Taiwan's Stock Exchange.

The sum of money here isn't neccesarily all that large but, what is interesting here is that OnLive certainly became a service for gamers look for more conventional fare on Android and whilst OnLive is apparently now safe, there's no news on whether its mobile offerings will be cast in doubt. HTC aren't going to be left behind when it comes to mobile gaming though, they became the first hardware partner - outside of Sony - to carry the Playstation Suite on Android, back in June of this year. Fruit has yet to come of the partnership with Sony but, we're hoping the two of them get their act together come the holiday season for the Playstation Suite to carry any real punch. If anything, gaming on Android becomes stronger and stronger with the likes of Nvidia pushing the very limits of ARM processing but, what we don't know is whether or not OnLive will still be around when Android becomes a viable gaming platform everywhere.

Copyright ©2019 Android Headlines. All Rights Reserved
This post may contain affiliate links. See our privacy policy for more information.
You May Like These
More Like This:
About the Author

Tom Dawson

Former Editor-in-Chief
For years now I've had a heavy interest in technology, growing up with 8-bit computers and gaming consoles has fed into an addiction to everything that beeps. Android saved me from the boredom of iOS years ago and I love watching the platform grow. As an avid reader and writer nothing pleases me more than to write about the exciting world of Android, Google and mobile technology as a whole.