Phone Scoop

printed September 16, 2014
See this page online at:
http://www.phonescoop.com/articles/article.php?a=10985

Home  ›  News  ›

HTC Invests in Magnet Systems, Loses Big on OnLive

Article Comments  9  

Aug 20, 2012, 8:03 AM   by Eric M. Zeman
updated Aug 20, 2012, 8:38 AM

HTC recently made a $35.4 million investment in a company called Magnet Systems. Magnet, which is based in Silicon Valley, develops and markets a platform for business applications. "The investment will bring social, mobile, and cloud capabilities to HTC's portfolio of service offerings to its mobile enterprise customers," said HTC in a statement. HTC's investment gives it a 17.1% stake in the company. At the same time, financial disclosures made by online gaming service OnLive show that HTC lost a $40 million investment due to OnLive's recent collapse. HTC said that it will be forced to write-down the investment in its next quarterly statement. HTC recently sold back about 50% of a $300 million investment it made in Beats Audio.

more info at Reuters »
more info at HTC »

AD

Comments

Forum Options

This forum is closed.


Subject Author Date
ou Haggard Aug 20, 2012, 2:08 PM
  • Re: ou by XMegadeathX   Aug 20, 2012, 2:15 PM
    • Re: ou by Haggard   Aug 20, 2012, 3:00 PM
      • Re: ou by T Bone   Aug 20, 2012, 3:19 PM
        • Re: ou by Haggard   Aug 20, 2012, 4:29 PM
            (more replies...)
  • Re: ou by T Bone   Aug 20, 2012, 8:01 PM
    • Re: ou by Haggard   Aug 21, 2012, 8:23 AM
      • Re: ou by T Bone   Aug 22, 2012, 10:11 AM
 
 
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2014 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
1