Google to acquire video compression firm for $106.5M

By Matthew
Aug 5, 2009
  1. 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.

    Read the whole story
Topic Status:
Not open for further replies.

Similar Topics

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...