OnLive Receives $40M Strategic Investment from HTC

OnLive, Inc., a Palo Alto, CA-based developer of on-demand, instant-play video games, has received a $40m strategic investment from the Taiwan Stock Exchange-listed listed phone maker HTC Corporation.
Harnessesing cloud computing, OnLive delivers premium game titles to any HDTV via the OnLive Game System or nearly any PC and Mac via a small browser download. The OnLive Viewer app is available for the iPad and is to be released for Android tablets. 
The company is backed by Warner Bros., Autodesk, Maverick Capital, AT&T, British Telecommunications (BT) and The Belgacom Group.
Commenting on the investment, Peter Chou, CEO of HTC, said: “HTC and OnLive share a similar goal for expanding connected cloud-based gaming by making it wireless and location-independent”.
OnLive Founder and CEO Steve Perlman added that “OnLive’s cloud gaming technology will turbo-charge HTC mobile devices with directly playable console-class video game performance”. 

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