Google has announced new, more lucrative terms for its desired acquisition of On2 Technologies, a "final offer" intended to sway reluctant On2 shareholders.
In a 29 December regulatory filing, On2 indicated it had twice postponed a shareholder meeting in order to consider Google's offer of exchanging 0.001 shares of Google Class A common stock for each share of On2 stock. The adjournments also gave On2 more time to persuade shareholders to vote for the deal, which the video-compression technology company is keen to see finalised.
On2's stock closed at 59 cents per share Wednesday, valuing the earlier deal at $107.4m (£67m) based on Google's closing share price on Wednesday of $608.26. The new cash incentive, worth $26.5m, increases the offer nearly 25 percent to $133.9m.
For more on this story, see Google sweetens On2 acquisition offer on CNET News.
