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Vringo, Inc. Message Board

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  • casp321 casp321 Aug 22, 2012 12:39 PM Flag

    message compiled for VRNG's legal team

    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.

0.58Jun 29 4:00 PMEDT