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Google Acquires On2 Technologies

in News on August 5, 2009 at 6:31 am PT

Google’s acquisitive appetite has returned. This morning the company said it will acquire On2 Technologies, which develops video compression technology, for $106.5 million. A stock-for-stock transaction, the deal will see each share of On2 exchanged for 60 cents worth of Google class A common stock.
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