In a one-two punch, the Wall Street Journal reports HTC has initiated two major investments in mobile service companies.
Garnering most attention is the reported $40 million injection of funds in cloud gaming firm OnLive, which is designed to enable games to be streamed over the web to any number of devices from PC to TV, tablet and mobile.
HTC will buy 5.33 million shares in the privately held OnLive at $7.50 a share.
Up in the air
The move is billed by the paper as an attempt by HTC to strengthen its hand in the mobile gaming business, with company spokesperson Maggie Cheng claiming the move will "strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones".
Embedding the OnLive player in its Android hardware would be a major boost to the company. OnLive has previously demoed its services running on iPad, but as yet, there's no commercial deployment other than a spectator mode app.
Said investment has been closely following by the acquisition of UK-based Saffron Digital.
The firm specialises in delivering video on demand content to clients, with the likes of Vodafone, T-Mobile, Samsung, Sony Ericsson and Nokia partners.
Combined, said investments seem to point to HTC gaining a foothold in delivering media content via the cloud, though the firm itself is remaining tight-lipped about any notion of a co-ordinated strategy being behind the moves.
[source: The Wall Street Journal]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
News
Feb 28th, 2022
HTC Vive unveils VR metaverse – including Web3 and NFT content – plus online safety program at MWC
Top Stories
as
News
4 hours, 10 minutes ago
Nexon banks on big Dungeon & Fighter Mobile China launch as Q1 revenue declines
as
News
5 hours, 20 minutes ago
Netmarble cuts losses but revenue falls in Q1 after lack of new game releases
News
9 hours, 9 minutes ago
Epic Games hit with €1.1m fine for unfair commercial practices in Netherlands
Feature
May 14th, 2024
Matej Lančarič's Squad Busters deep dive: Under the skin of 2024's biggest launch yet
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Berlin May 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |