HTC writes down $40 million on OnLive gaming investment
OnLive streams demanding games over the Internet to computers and from end-2011 to Androdi devices. High infrastructure costs however forced a restructuring. Last week, it announced that an unnamed buyer has acquired it, but the platform had to lay off an undisclosed number of employees.
Recently, HTC said it will sell half of its stake in Beats Electronics, the audio equipment maker that the Taiwanese company bought to improve sound on its devices. It’s believed that the technology just couldn’t give enough of a noticeable improvement in sound to be justified. Now, HTC will retain only a 25% stake in the company.
source: IDG via TheVerge