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Google buys video technology firm

Google has announced a deal to buy On2 Technologies, which provides technology that should help improve video quality on the internet search engine.

The deal for $106.5m (£62.7) should be concluded later this year, subject to On2 shareholder approval.

On2's technology helps shrink video files, allowing high definition images to be delivered over the internet.

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news.bbc.co.uk
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