HTC can’t catch a break, losing $40 million with OnLive restructure
Poor HTC. Those guys just can’t seem to catch a break lately. With the last few years getting increasingly tougher for the quietly brilliant crew, last week’s OnLive kerfuffle is going to hurt quite a bit. According to details surfacing today, HTC is set to lose $40 million from their investment.
As some of you may recall, HTC climbed into bed with OnLive back in early 2011 where it was expected that future smartphones and tablets would feature the gaming service. Fast forward a year or so and we’ve yet to see much materialize from the deal. Now, with a new owner and trimmed down staff, OnLive hardly resembles the company that HTC was attracted to in the first place.