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HTC Invests in Two Mobile Software Companies

Published on February 8, 2011
by Lorraine Luk

HTC Corp. unveiled two investments in software companies in the latest push by the Taiwanese company to expand through acquisitions in the lucrative but competitive smartphone market.

HTC, which has gained popularity world-wide for its early adoption of Google Inc.’s Android software in its mobile phones, said it will acquire London-based mobile platform company Saffron Digital for £30.15 million ($48.6 million) and will buy a $40 million stake in U.S.-based on-demand games company OnLive Inc.

HTC has been increasing its investments in mobile technology and beefing up its content and applications business to expand in the fast-growing smartphone segment in its bid to keep up with rival Apple Inc.

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