Google is Acquiring On2 Technologies for $106.5 Million. On2 is a leading creator of high-quality video compression technology. Google has not cleared its future plans about the new products and development. At its official blog Google says:
The deal is still subject to approval by On2 Technologies' stockholders and review by relevant regulatory authorities, including the SEC, but we expect it to close in Q4.
Although we're not in a position to discuss specific product plans until after the deal closes, we are committed to innovation in video quality on the web, and we believe that On2 Technologies' team and technology will help us further that goal.
We'll update everybody when we're able to share more information. In the meantime, nothing will change for On2 Technologies' current and prospective customers.
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