HTC Invests in Magnet Systems, Loses Big on OnLive
Updated: fixed typos
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.
Hands-On with the HTC 10
HTC showed off its 2016 flagship smartphone today. The HTC 10 takes all the characteristics we've come to appreciate in HTC and amps them up.
HTC Cuts the 10's Price By $100 for US Shoppers
HTC has dropped the price of the HTC 10 for the rest of the month. The phone now costs $599 when purchased from HTC's web site, a cut of $100.
HTC Rebuffs Idea of Asus Take-Over
HTC is not interested in being acquired by Asus, said the company today. Last week, Asus' executive team suggested it was considering such a move, but hadn't made a final decision.
Asus On the Fence About HTC Acquisition
Asustek Computer is thinking about buying competitor HTC, but it hasn't made a final decision just yet. The company has discussed the matter among its executives, according to CFO David Chang.