Google to buy video compression technology outfit On2

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

via theregister.co.uk

On2 makes some very nice video codecs, but unfortunately they don’t play the standards game, which makes using anything they produce a somewhat risky endeavour. With Google behind them, however, perhaps the landscape will change somewhat.

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