HTC's lost millions with online game service OnLive
The Taiwanese smartphone manufacturer HTC has announced on Monday that they have been run with the investment in the cloud gaming service OnLive 40 million U.S. dollars (32.5 million euros) loss. According to HTC had a "restructuring of assets" to be made because of the once-ambitious game provider does not have sufficient working capital possessed more and had no way to raise fresh money. Further details not call it the Taiwanese company.
This past week has been publicized that a new investor has taken on the verge of insolvency related gambling operations completely. As The Verge reported on Sunday, these are the U.S. investment firm Lauder Partners. As part of a restructuring, the report proposes that all of OnLive assets to a new company can be converted with the same name. Only about half of the agents will be retained. For about 2.5 million customers of the gaming portal to the takeover but no changes occur.
Besides the loss of HTC but could also announce a new investment: With 35.4 million U.S. dollars, the company acquires a share of 17.1 percent of magnet system, a startup for mobile enterprise applications. The smartphone maker hopes to expand its product portfolio in order for enterprise customers, for example in the area of cloud services.
Continued participation in July 2012, HTC had already partially repelled again: Of the acquired in September 2011 for 309 million U.S. dollars 51 percent audio specialists beats again was almost half of the units sold - for 150 million U.S. dollars. Even in its core business had to HTC last few feathers. After the previous contract manufacturer in 2011 with smartphones in the HTC-branded by success, sales and market share of the brand went back considerably since then.
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