Google Aims To Improve Video Quality With On2 Deal

Law360, New York (August 5, 2009, 3:17 PM EDT) -- In a bid to upgrade its online video offerings, Google Inc. has agreed to purchase On2 Technologies Inc. for approximately $106 million in an all-stock transaction.

Clifton Park, N.Y.-based On2 specializes in video compression technology, designed to ease video creation, transmission and playback in areas without access to broadband Internet connections and for mobile devices.

Coupled with its acquisition of YouTube Inc. three years ago, the acquisition of On2 will help enhance the video experience for its users, Google said Wednesday.

"Today video is an essential...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.