When It Rains… It Pours: HTC To Lose $40 Million Because Of OnLive Restructuring

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http://www.talkandroid.com –   It’s no secret online gaming service OnLive isn’t doing too well, but it’s affecting other companies as well. HTC (which isn’t doing so well financially itself) has recently announced it will have to book a $40 million loss from its investment in OnLive because of a “lack of operating cash and an inability to raise new capital“. Both HTC and OnLive are no stranger to one another either, as HTC made a $40 million dollar investment, yet OnLive was noticeably absent on most HTC devices released in the past year— despite the service streaming games (IT news)