Report: HTC invests $40 million in OnLive

From CNET News.com: HTC is looking to expand its ability to offer smartphone users multimedia content.

The smartphone maker has invested $40 million in cloud-gaming service OnLive, The Wall Street Journal is reporting. Citing an HTC spokeswoman, the newspaper said that HTC's investment in OnLive will be used to help it deliver more games to players on smartphones. All told, HTC will purchase 5.3 million OnLive shares for $7.50 per share, according to the report.

OnLive currently delivers video games to PCs and Macs over the Web. The company also sells the OnLive MicroConsole, which connects to a user's television and lets them play titles through the service. OnLive offers the ability to rent or purchase games, or subscribe for $9.99 per month for unlimited access to its library of titles.

HTC and OnLive aren't really an odd couple.

Last month, OnLive announced plans to integrate its service into Vizio's upcoming HDTVs, Blu-ray players, smartphones, and tablets. The company also offers the OnLive Viewer in the App Store for Apple iPad users to see how its service works, but not actually play games. The company said at the time that the app will offer "full game play capability" at some point in the future.

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