Google Inc. has agreed to buy On2 Technologies Inc. for $106.5 million, bolstering its YouTube site with software that compresses video clips so they are easier to download.
On2 investors will get 60 cents in Google stock for each share they own, Google said yesterday. That’s 57 percent more than On2’s closing price Tuesday.
“YouTube’s bandwidth costs are high, and compression technologies help you reduce the bandwidth any video uses,’’ said Sameet Sinha, an analyst at JMP Securities Inc.
On2 might let Google incorporate video-compression software into mobile phones that use its Android software, he said.
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