All Posts Tagged Tag: ‘on2’
Last summer, Google announced that it would be acquiring video compression technology developer On2 Technologies. A couple weeks ago, Google announced that the acquisition had closed.
Update: Late Friday, Google announced that it closed the On2 Technologies acquisition, valued at about $124.6 million, after On2’s shareholders voted to approve the transaction.
Squeaky wheels may get a little grease, but apparently, it’s better still to be an angry and litigious shareholder. Following Google’s acquisition offer to On2 in August, On2 shareholders complained, and now, they may receive an extra $26.5 million for their trouble.