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Google to Acquire Norwegian Video Codec Company

eldavojohn (898314) writes | more than 4 years ago

Businesses 0

eldavojohn (898314) writes "Today Google has announced they will buy video and VoIP codec developer Global IP Solutions (GIPS) for approximately 421 million Norwegian kronor ($68.2 million) in cash. Speculation has it that this acquisition will aid them in their HTML5 video codec development as they strive to embrace HTML5."
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