(Credit: OnLive)
The embattled HTC is facing some bad news, following OnLive's recent acquisition and restructuring.
The handset maker announced today that it'll be forced to recognized a $40 million investment loss in OnLive. HTC didn't provide details on the loss.
Reports surfaced back in February 2011 that HTC had invested $40 million into the cloud-gaming service OnLive. In that investment, HTC acquired 5.3 million OnLive shares for $7.50 per share.
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Since then, however, ... [Read more]
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