Why did Google RUSH to pay 3 to 4 times the price of Widevine???
Google at some point bought ON2, widevine, Motorola
By casp321.13 days ago.Permalink .
Why would google pay widevine 3 or 4 times more than it was worth but ON2 shareholders got screwed. Was it clean up the mess???: Yahoo blocking bringing up the thread related to ON2 merger from different angle??
February 4, 2011
No financial terms were disclosed, but Fortune has learned from a WideVine investor that the purchase price was $150 million. "Google came in on December 1, offered to buy the company for $150 million [in cash] and said the deal would have to close by year-end," said the investor. "We were thrilled, because management only was valuing the company at between $30 or $40 million at the time.