Feeds

Google to buy video compression technology outfit On2

Mountain View presses 'play' on all-stock deal

Security for virtualized datacentres

Google confirmed today that it plans to buy digital video compression outfit On2 Technologies in an all-stock agreement, valued at $106.5m.

Mountain View said On2 shareholders will be handed 60 cents worth of Google class A common shares for each outstanding share they hold in the company.

Clifton Park, New Jersey-based On2 employs around 60 staff. It started life as the Duck Corporation in 1992.

On2's VP6 codec is licensed by Adobe, for its Flash Player and Flash Lite 3 for mobile phones. Other major customers include AOL, Freescale, Nokia and Sun Microsystems.

"Today video is an essential part of the Web experience, and we believe high-quality video compression technology should be a part of the Web platform," said Google product management veep Sundar Pichai.

"We are committed to innovation in video quality on the web, and we believe that On2's team and technology will help us further that goal."

Google, which owns video sharing website YouTube, said the proposed acquisition was expected to close in the final quarter of this year. ®

Internet Security Threat Report 2014

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.