& cplSiteName &

Google Acquires On2

Light Reading
News Analysis
Light Reading

Google (Nasdaq: GOOG) announced today that it has reached an agreement to acquire video compression and encoding specialist On2 Technologies in an all-stock transaction worth $106.5 million.

As part of the deal, Google is offering 60 cents worth of Google stock for each outstanding share of On2, representing a 57 percent increase over yesterday's closing price. (At Google's current stock price of about $450 per share, that means shareholders will receive 0.0013 shares of GOOG stock for each share of On2.)

While the acquisition is of course subject to On2 shareholder approval, regulatory review, and all that mumbo jumbo, Google expects the deal to close in the fourth quarter.

So what does Google get when the deal closes?

To find out, see the full story at Contentinople. — Ryan Lawler, Contentinople

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
Flash Poll
Upcoming Live Events
September 17-19, 2019, Dallas, Texas
October 1, 2019, New Orleans, Louisiana
October 2-22, 2019, Los Angeles, CA
October 10, 2019, New York, New York
November 5, 2019, London, England
November 7, 2019, London, UK
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
All Upcoming Live Events
Partner Perspectives - content from our sponsors
Transform Beyond Borders to Lead the Innovation
By Ben Zhou, CEO, Whale Cloud
Reject Limits. Build the Future.
By David Wang, Huawei
China Telecom & Huawei Jointly Complete the World's First End-to-End 5G SA Voice & Video Call
By Jay Liu, Senior Marketing Manager, Cloud Core Product Line, Huawei Technologies
All Partner Perspectives