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Charter invests in cloud gaming startup

Charter Communications Inc. made a strategic investment in cloud-based gaming company Blade.

Financial details of the deal were not disclosed.

Blade will use the investment to support its expansion in the U.S. and will leverage its specialized cloud processing with Charter's fiber-based network to deliver an entertainment platform, according to a Dec. 19 news release.

The company also said it will make new hires in Europe and the U.S. to support its growth plans.