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.
Since then, however, OnLive has faced some trouble staying afloat in the cloud-gaming space, and last week, announced that its assets had been sold to an … Read more