On2 Finally Gets On With It: Shareholder Approve Sale To Google


It’s been a long time coming, and now we know: video codec company On2’s shareholders have finally approved its sale to Google (NSDQ: GOOG), for a revised offer of $133 million. The majority of shareholders have approved the deal in a meeting today, after two failed previous attempts to get the deal done at a lower Google offer of about $106.5 million. The two companies now anticipate closing the transaction on or about Feb 19 this week. This will mean Google/YouTube’s video delivery costs could be coming down significantly in the next year or so. Background on the final raised offer from Google, and its rationale, in our previous story.

Comments are closed.