Video firm settles lawsuits clearing way for Google buy
October 26, 2009
A sign is displayed outside of the Google headquarters in 2008 in Mountain View, California. Video software firm On2 Technologies Inc. announced on Monday that it had settled five pending lawsuits, potentially clearing the way for its takeover by Internet giant Google.
Video software firm On2 Technologies Inc. announced on Monday that it had settled five pending lawsuits, potentially clearing the way for its takeover by Internet giant Google.
The Clifton Park, New York-based On2, which specializes in video compression technology used by companies such as Adobe, Skype, Nokia and others, did not disclose the terms of the settlement, which still needs court approval.
The lawsuits were filed by shareholders unhappy with the 106.5-million-dollar purchase price for On2 offered by Google.
The shareholders believed the offer undervalued the company.
On2, in a statement, said it had agreed to the settlement "to minimize the costs associated with this litigation" although it believed the claims were "entirely without merit."
(c) 2009 AFP
-
On2 vows to fight challenges to Google acquisition
Aug 13, 2009 |
not rated yet |
0
-
Google to buy video compression firm for $106.5M
Aug 05, 2009 |
not rated yet |
0
-
Briefs: Google, Microsoft settle on China exec
Dec 23, 2005 |
not rated yet |
0
-
Google sells underperforming radio ad business
Aug 05, 2009 |
not rated yet |
0
-
Germany challenges Google books settlement: minister
Sep 01, 2009 |
not rated yet |
0
-
Engineers build first sub-10-nm carbon nanotube transistor
Feb 01, 2012 |
4.9 / 5 (33) |
30
-
Something old, something new: Evolution and the structural divergence of duplicate genes
Jan 31, 2012 |
4.6 / 5 (7) |
1
-
The hidden nanoworld of ice crystals: Revealing the dynamic behavior of quasi-liquid layers
Jan 30, 2012 |
5 / 5 (4) |
1
-
Stock market network reveals investor clustering
Jan 27, 2012 |
3.9 / 5 (23) |
8
-
Of microchemistry and molecules: Electronic microfluidic device synthesizes biocompatible probes
Jan 26, 2012 |
5 / 5 (2) |
0
-
How to calculate total compressibility in liquid porous solid system
4 hours ago
-
Need help reading 3-D
23 hours ago
-
A way to send and receive wireless data
Feb 11, 2012
-
Calling function with no input argument
Feb 10, 2012
-
Force free body diagram problem on gym equipment
Feb 10, 2012
-
Empirical data regarding shower heads and water
Feb 10, 2012
- More from Physics Forums - General Engineering
More news stories
Google might launch Drive for cloud storage soon
(PhysOrg.com) -- Google's next big move, according to the Wall Street Journal, is a cloud storage service called Drive. Hardly first to the plate, Google is simply catching up to introducing its cloud reposi ...
12 hours ago |
4.8 / 5 (5) |
4
|
Iran blocks email, restricts net access: reports
Iran has further restricted access to the Internet and blocked popular email services for the past few days, in a move a top lawmaker said could "cost the regime dearly," media reports said on Sunday.
5 hours ago |
5 / 5 (1) |
3
Love a click away in Indonesia's Twitter Republic
He was a geeky kid from Yogyakarta, she a glamorous city girl in Jakarta. In a country with one of the world's most vibrant social networking scenes they fell in love on Twitter.
13 hours ago |
4 / 5 (1) |
0
Walney offshore wind farm is world's biggest (for now)
(PhysOrg.com) -- The Walney wind farm on the Irish Sea--characterized by high tides, waves and windy weather--officially opened this week. The farm is treated in the press as a very big deal as the Walney ...
Technology / Energy & Green Tech
Feb 11, 2012 |
4.2 / 5 (13) |
46
|
Navy to begin tests on electromagnetic railgun prototype launcher
The Office of Naval Research (ONR)'s Electromagnetic (EM) Railgun program will take an important step forward in the coming weeks when the first industry railgun prototype launcher is tested at a facility ...
Feb 06, 2012 |
4.5 / 5 (17) |
94
|
Scientists discover molecular secrets of 2,000-year-old Chinese herbal remedy
For roughly two thousand years, Chinese herbalists have treated Malaria using a root extract, commonly known as Chang Shan, from a type of hydrangea that grows in Tibet and Nepal. More recent studies suggest that halofuginone, ...
Overeating may double risk of memory loss
New research suggests that consuming between 2,100 and 6,000 calories per day may double the risk of memory loss, or mild cognitive impairment (MCI), among people age 70 and older. The study was released today and will be ...
New method to examine batteries -- MRI from the inside
There is an ever-increasing need for advanced batteries for portable electronics, such as phones, cameras, and music players, but also to power electric vehicles and to facilitate the distribution and storage of energy derived ...
A mitosis mystery solved: How chromosomes align perfectly in a dividing cell
Although the process of mitotic cell division has been studied intensely for more than 50 years, Whitehead Institute researchers have only now solved the mystery of how cells correctly align their chromosomes during symmetric ...
Lab study raises questions over nano-particle impact
Tests involving chickens have raised questions about the impact on health from engineered nano-particles, the ultra-fine grains commonly used in drugs and processed foods, scientists said on Sunday.
Starve a virus, feed a cure? Findings show how some cells protect themselves against HIV
A protein that protects some of our immune cells from the most common and virulent form of HIV works by starving the virus of the molecular building blocks that it needs to replicate, according to research published online ...
