Belgacom Takes 2.6% Stake In Online Gaming Co OnLive

Date : 05/17/2010 @ 3:11AM
Source : Dow Jones News
Stock : Autodesk, Inc. (MM) (ADSK)
Quote : 120.81  1.52 (1.27%) @ 8:00PM

Belgacom Takes 2.6% Stake In Online Gaming Co OnLive

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The Belgian incumbent telecom's company Belgacom (BELG.BT) said Monday it has taken a 2.6% shareholding in online videogame company OnLive, alongside Warner Bros., AT&T Inc (T), BT Group (BT), Autodesk Inc. (ADSK) and Maverick Capital.

MAIN FACTS:

-The investment in OnLive is part of Belgacom's innovation and convergence strategy by expanding in areas such as interactive entertainment, cloud computing and online gaming with access to exclusive services and features for its customers.

-OnLive is a US-based startup company pioneering cloud-based gaming with a unique digital entertainment delivery platform using proprietary compression technology and cloud-based computing for the distribution of high-end video games delivered instantly through the Internet to PCs, Macs and TVs, without the need for specialized computers, expensive game consoles or large downloads.

-By Brussels Bureau, Dow Jones Newswires; +322 741 1480;

 
 

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