Mobile e-mail company Remail is joining forces with Google, which means the end of its iPhone application. And On2 shareholders approve Google's increased offer for their company.
The Internet giant puts an extra 15 cents per On2 share on the table, increasing its offer to a value of about $133.9 million for the video compression company.
In SEC update, video compression software maker addresses key concerns about its proposed merger with the search giant. Company also sets date for related vote.
Lawsuit challenges the acquisition of the video-compression software company on grounds that it undervalues the company.
The search giant says it will take On2's technology and make it part of the Web platform.
Google is ponying up $106.5 million for video compression technology. Does it just want it to make YouTube cheaper to run, or does it have something grander in mind?
AdMob, Slide, and On2 Technologies were the big winners of Google's 2010 spending spree, but 37 other companies have cashed in so far this year.
Google thought start-ups were overpriced earlier in the year, but its recent purchase of On2 Technologies may be a sign that it's once again in the acquisition market.
The company's technical prowess and free VP9 licensing haven't been enough to dent the fortunes of rival compression format HEVC. But Google's already moving on to VP10.
Google spent $268 million on companies during the first quarter of the year, with another potential $750 million deal still pending.