Taiwan's HTC invests in British, U.S. companies
TAIPEI Feb 8 (Reuters) - Smartphone maker HTC Corp (2498.TW) will buy shares in a U.S. online gaming company and acquire a British digital technology company as it seeks to bolster its offerings in the competitive market for hi-tech handsets.
On Tuesday, HTC said it would buy 5.33 million preferred shares in U.S. cloud video game service OnLive Inc for $39 million, via a capital injection into an HTC subsidiary.
OnLive, launched earlier this year, allows users to play video games stored remotely on servers. The service is accessed via a console connected to a TV.
The previous day, HTC said it would buy British digital multimedia delivery technology company Saffron Digital via a capital injection of 30 million pounds ($48 million) into a separate subsidiary.
"Saffron Digital has developed an incredible expertise in mobile multimedia delivery. This ability to deliver optimised content in the future will be a key asset as content becomes more and more complex and localised," said HTC Chief Executive Peter Chou in a statement.
HTC shares were up 0.9 percent at 0153 GMT on Tuesday, outperforming the broader market's .TWII 0.5 percent fall. (Reporting by Jonathan Standing; Editing by Chris Lewis)