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Google acquires video firm On2 for $106.5 million
Google announced it will acquire video compression software and solutions developer On2 Technologies, a stock-for-stock transaction valued at $106.5 million. The deal is expected to close in the fourth quarter. On2 creates compression technologies that power desktop and mobile video applications--the firm's customers include Nokia, Adobe, Sun Microsystems, Skype, Sony and Brightcove.
Google's existing video efforts are led by user-generated content sharing website YouTube, which the web services giant acquired for $1.65 billion in November 2006.
For more on the Google/On2 deal:
- read this release
Related articles:
TI, On2 partner for mobile video solutions
On2 acquires Hantro Products for $6.8 million
Comments
Posted by gaetano marano | August 6, 2009 - 2:34am
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the On2 software could be useful (also) to develop a new (Wii/PS3/Xbox-KILLER) Online Gaming Platform, as predicted and explained four days ago in my GoOS blog: ht
tp://ow.
ly/iScX
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