Google signed a deal to acquire On2 Technologies
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Friends first i will tell you about the Features of On2 technologies, On2 Technologies is the leading creator of high-quality video compression technology. this is a famous company in the US for Video Compression and Video Encoding and Publishing and Embed Solutions For Chips and Devices,
We know that Google is the leader in internet search engines believes that high quality video should be part of the web platform. Continuing their effort to make the overall web experience better for people and improve video quality on the internet search engine, so they deal to acquire On2 Technologies for this work
Hear On2’s technology helps in:
- Shrinking video files
- Video encoding and publishing
- Allowing high definition images to be delivered over the internet.
According to the Google blog post:
“We’re happy to announce today that we’ve signed a deal to acquire On2 Technologies, a leading creator of high-quality video compression technology. The deal is still subject to approval by On2 Technologies’ stockholders and review by relevant regulatory authorities, including the SEC, but we expect it to close in Q4.
Although we’re not in a position to discuss specific product plans until after the deal closes, we are committed to innovation in video quality on the web, and we believe that On2 Technologies’ team and technology will help us further that goal.”
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