"We cannot comment on speculation about the future of OnLive, but we are keeping a close eye on developments. Questions should be directed to the company in question. BT customers who are customers of OnLive will continue to be able to access the service.
In any event, the 2.6 per cent shareholding in OnLive does not represent a significant investment for BT as a whole. We consider it highly likely that we'll have to write off our investment."
According to OnLive, the original company named OnLive is no more, as the company restructured itself using an alternative to bankruptcy called Assignment for the Benefit of Creditors (ABC) which apparently only transfers the company's assets to a new party. Under an ABC, the assignee of a company's assets is responsible for maximizing the value to creditors, but it seems like HTC and BT won't be getting much value for their buck here.
[Source: The Verge]