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Google will acquire Adobe Flash codecs
Posted on August 5, 2009 in Technology
Google confirmed today that it plans to acquire digital video compression company On2 Technologies in an all-stock contract, valued at $106.5m.
Mountain View said that On2 shareholders will be given 60 cents worth of Google class A common shares for each outstanding share they have in the company.
Based in Clifton Park, New Jersey, On2 employs around 60 individuals. It began as the Duck Corporation in 1992. Read the rest of this entry »