We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Google buys online video firm On2

$125m deal for video compression specialist

Google has finished its acquisition of video-compression-technology vendor On2 Technologies, boosting its efforts in online video.

The deal closed after gaining approval from On2 shareholders and was valued at $124.6 million, Google said in a brief statement late Friday. The figure was about $18 million more than the value stated when the companies announced the acquisition last year.

On2 provides video compression technologies for mobile video, embedded devices, Adobe Flash Player and VoIP (voice over Internet Protocol). Its customers include Skype, Nokia, Sony and Adobe, according to its Web site.

Google last year said On2 would provide it with video compression technology and that it hoped the acquisition would help further innovation in online video quality.


IDG UK Sites

Microsoft launches Office for Android: Check the system requirements first

IDG UK Sites

8 reasons you should start a blog

IDG UK Sites

Do we need to fight the government again over design and art education?

IDG UK Sites

Apple Watch release date & UK price rumours: Watch 'not confirmed' for April release in UK says...