HTC Loses the Entire Investment in OnLive

Mobile manufacturer HTC have lost their entire investment in the streaming service OnLive.

Last year invested HTC about $40 million (equivalent to approx. 240 million Danish kroner) in the cloud-based gaming service Onlive. But now the box empty with Onlive, and all patents, trademarks and equipment is moved into the new company.

This means that for users is good news, because Onlive service lives on, but for HTC, it means they have lost their entire investment. It writes our site.

A portion of the employees will continue in the new company, where server capacity is also reduced.

The rescuer is Lauder Partners, which is owned by a part of the family who is behind the cosmetics group Estee Lauder.