In August 2009, Google announced that it had agreed to acquire On2 Technologies for – then – roughly $106 million. At the end of last year, On2 – not for the first time – postponed a meeting at which it had hoped to get shareholder approval for its purchase by Google.
Google and On2 Technologies jointly announced today that they have entered into a definitive agreement under which Google will acquire On2, a developer of video compression technology. The acquisition is expected to close later this year. On2 markets video compression technologies that power high-quality video in both desktop and mobile applications and devices and also holds a number of… → Read More