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In August 2009, Google<\/a> announced that it had agreed to acquire<\/a> On2 Technologies<\/a> for – then – roughly $106 million. At the end of last year, On2 – not for the first time – postponed<\/a> a meeting at which it had hoped to get shareholder approval for its purchase by Google.<\/p>\nA new shareholder meeting is scheduled for February 2010, but this morning Google and On2 released<\/a> a joint press release announcing their agreement to amend the merger agreement. <\/p>\n Under the revised terms, each outstanding share of On2 common stock will receive 0.0010 of a share of Google Class A Common Stock for each share of On2 common stock, as previously announced, plus an additional $0.15 per share in cash.<\/p>\n Google and On2 had initially said they expected the merger to be completed by the fourth quarter of 2009. If the deal is not completed by March 31 2010, either party can terminate it.<\/p>\n The companies say the revisions to the terms serve to address the fact that the market value of Google\u2019s Class A Common Stock has increased significantly since the initial merger announcement was made last August, while the value of the acquisition has remained fixed for On2\u2019s stockholders. By increasing the consideration by an additional $0.15 per share in cash, On2\u2019s stockholders are to receive additional value for their On2 common stock.<\/p>\n At the reconvened Special Meeting, scheduled for Wednesday, February 17, 2010, On2 common stock holders will be asked to vote upon the merger proposal and the adjournment proposal as set forth in the SEC proxy statement\/prospectus that will be filed by Google shortly.<\/p>\n Crunch Network<\/em><\/strong>: CrunchBase<\/a> <\/em>the free database of technology companies, people, and investors<\/p>\n