On2 shareholders unhappy with Google deal

**MIG-31** · Aug 13, 2009, 07:16 AM

Google's acquisition of video-compression software company On2 Technologies is being challenged in court by On2 shareholders dissatisfied by Google's $106.5 million offer.

The lawsuit, which was filed Monday in Delaware Chancery Court, seeks class action status and a permanent injunction against the deal. The suit, first reported by the New York Post,also seeks an accounting of all damages caused by the defendants Google and On2's board of directors.
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Source: C|Net

Aug 13, 2009, 07:16 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	On2 shareholders unhappy with Google deal Google's acquisition of video-compression software company On2 Technologies is being challenged in court by On2 shareholders dissatisfied by Google's $106.5 million offer. The lawsuit, which was filed Monday in Delaware Chancery Court, seeks class action status and a permanent injunction against the deal. The suit, first reported by the New York Post,also seeks an accounting of all damages caused by the defendants Google and On2's board of directors. ____________ Source: C\|Net __________________ Please Post Your News Submissions Here