Google buys video compressor On2 Technologies
For no less than 106,5 million dollars Google has decided it is going to put more effort in online video. They announced it will buy US based On2 Technologies.
"We're thrilled that On2 is joining one of the world's most innovative companies," said Matt Frost, interim CEO of On2. "After intensive review of On2 products, Google confirmed our long-held beliefs as to the quality of our video technologies... We believe that Google shares our ambitions and know that our products and expertise, combined with Google's globally recognized brand, ingenuity and resources, will create an incredible team."
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