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Google to acquire video compression firm for $106.5M

Discussion in 'TechSpot News and Comments' started by Matthew, Aug 5, 2009.

  1. Matthew TechSpot Staff Posts: 5,893   +53

    Google has announced today that it will acquire On2 Technolgies Inc., a leader in the world of video compression technology. According to the agreement, each outstanding share of On2 common stock will be converted into $.60 worth of Google class A common stock. It is reported that the transaction is worth roughly $106.5 million.

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    Matthew, Aug 5, 2009
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