HTC to invest $40 million into OnLive

HTC to invest $40 million into OnLive - For a company that pulled in NT$14.59 billion (about $500 million in US currency) in net profit last fiscal quarter, $40 million isn't exactly a huge chunk of change. But the recipient of HTC's money this go around is mighty interesting: cloud gaming experts OnLive. Said company spokesperson Maggie Cheng via Wall Street Journal, this will "strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones" -- yep, smartphones. HTC also announced it has acquired London-based Saffron Digital for about $48.6 million, although it said the buyout shouldn't affect deals with its current content partners including Nokia, Sony Ericsson, LG, and Samsung. We don't think the OnLive investment will stop the cloud gaming company from pushing its way onto as many platforms as (in)humanly possible, but we'd be lying if we said we didn't expect HTC's versions to be even grander in scale and performance.