HTC to book USD 40 mln loss on OnLive investment

Monday 20 August 2012 | 09:33 CET | News
HTC announced it will recognise a USD 40 million loss on its investment in OnLive, an onling gaming services provider. HTC paid the same amount for a stake in OnLive in early 2011. Other OnLive investors include Belgacom, Warner Bros, AT&T, BT, Autodesk and Maverick Capital. OnLive confirmed it used an 'assignment for the benefit of creditors' process to restructure its assets, after it was unable to meet its financial obligations. All of its assets were acquired by a newly formed company that will continue to operate under the OnLive name. All OnLive services and partnerships are expected to

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Categories: Internet / Mobile & Wireless
Companies: Belgacom / BT / HTC / OnLive / Warner Bros
Countries: World
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