While On2 Technologies (AMEX: ONT) has strong video compression solutions, the company failed to get much traction over the years (a key reason was the licensing fee structure). It's been especially painful for shareholders.
But today there was some good news: Google (NASDAQ: GOOG) agreed to purchase the company for $106.5 million in stock. On the news of the deal, On2's shares spiked 49% to $0.57.

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