Google officially announced the completion of the On2 total value of 124 million U.S. dollars acquisition

According to foreign media, February 20 report, the global search engine giant Google Inc. announced this week five, has formally completed On2 Technologies, Inc.'s Acquisition, while the deal a total value of approximately 124.6 million U.S. dollars.

Under the proposed transaction, On2 all of the remaining common stock will exchange 0.15 U.S. dollars per share in cash, 0.0010 shares of Google Class A common stock or cash equal manner the conversion.

Google in August 2009 the company has said it plans to complete all-stock transaction, the total size of the transaction, compared with 106.5 million U.S. dollars. According to the time the original program, share On2 common stock will be worth 0.6 U.S. dollars for the replacement of Google Class A common stock. If the transaction in accordance with the original program, then Google for On2's offer in relation to trade the last trading day before the announcement of the closing price of the premium rate of 57%, while the deal was announced the first six months compared to the average closing price of the premium rate was about 62%. And if the time be extended to deal announced 10 months, then the Google offer a premium rate will reach 70%. According to the program at that time, swap ratio has been determined to be 0.0010. That said, On2's common stock held by shareholders can rely on each exchange 0.0010 shares of On2 common stock shares of Google Class A common stock or cash equal.

In the January 1, 2010, the two sides to further modify the terms of trade. To remove the original On2 common stock share exchange 0.0010 shares of Google Class A common stock, convertible outside the same proportion, On2's stockholders also will receive 0.15 U.S. dollars per share in cash subsidies.

On2 is headquartered in New York, its proprietary technology platform and video compression / decompression software is widely used in personal computers, wireless devices, set-top boxes and other equipment. As of this week, five's close, On2 shares to close at 0.6882 U.S. dollars per share, compared with the previous session down 0.0056 U.S. dollars, or 0.81%; Google shares to close at 540.76 U.S. dollars per share, compared with the previous session down 2.46 U.S. dollars, or as 0.45%.