Wednesday, February 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Battery Makers Struggle to Source Cobalt, Including Apple
Intel Releases Updated Firmware for 6th, 7th and 8th Generation Intel Core Processors, Intel Xeon Scalable Processors
Say Hello to Google Pay
"Fox Nation" Streaming Service To Debut in 4Q
Hatch Entertainment to Use Qualcomm Centriq 2400 Processors For Cloud Gaming Service
Qualcomm Sweetens Offer for NXP
KT, Qualcomm and Samsung Achieve Multi-vendor 5G NR Interoperability on Path to Mobile 5G NR Trials
Sony to Build Taxi-hailing System
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 18, 2010
Google To Acquire Audio-video Tech Company IP Solutions


Google plans to buy Oslo-listed Global IP Solutions for $68 million to build its real-time audio and video Internet capabilities, the two companies said in a joint statement on Tuesday.

Google and Global IP Solutions (GIPS) Holding AB (publ) today announced that they have entered into a transaction agreement under which Google Acquisition Holdings Inc., a wholly owned subsidiary of Google, will make a recommended voluntary public cash offer to acquire all the issued and to be issued shares of GIPS for NOK 13.0 (USD 2.12) in cash per share, or an aggregate price of approximately NOK 421 million (USD 68.2 million) based on the currently issued and outstanding share capital of GIPS.

"The Web is evolving quickly as a development platform, and real-time video and audio communication over the Internet are becoming important new tools for users," said Rian Liebenberg, Engineering Director at Google. "GIPS?s technology provides high quality, real-time audio and video over an IP network, and we?re looking forward to working with the GIPS team at Google to continue innovating for the Web platform."

"This is an exciting milestone for GIPS as we join Google with a shared vision to transform and accelerate IP communications," said Emerick Woods, Global IP Solutions CEO. "With Google?s global reach, scale and widely recognized leadership, we are confident that our existing customers will continue to be fully supported while we continue to enhance and extend our products and technology at Google."

The completion of the offer will be subject to the satisfaction or waiver by the offeror of customary conditions, including acceptance of the offer by the holders of at least 90% of the GIPS share capital on a fully diluted basis.

The offer will be fully funded by Google's existing cash resources and the transaction is "not currently expected to require approval" from any competition authorities, Google said.

Following the successful completion of the offer, the offeror intends to cause GIPS to submit an application to delist the GIPS stock from the Oslo Stock Exchange and to initiate compulsory acquisition proceedings with respect to the remaining minority shareholdings in GIPS in accordance with Swedish law.

An offer document setting forth in detail the terms of the offer is expected to be published and distributed to all GIPS shareholders on or about 20 May, 2010, following review and approval by the Oslo Stock Exchange. The expiration date of the offer is expected to be on or about 4 June, 2010, as it may be extended by the offeror in accordance with the offer document and applicable law. In the event the conditions to the offer are not satisfied or waived by the offeror prior to 31 August, 2010, the offer will lapse, Google added.


Previous
Next
Intel, Micron Introduce 25-Nanometer NAND        All News        NTT DOCOMO Unveils 20 New Handsets
Yahoo! to Acquire Associated Content     General Computing News      New NTI Backup Now 5.5 Offers Better Compression

Get RSS feed Easy Print E-Mail this Message

Related News
Say Hello to Google Pay
Google May Launch a Game Streaming Service: report
Google Assistant Got an Update
German Cartel Authority Launches Inquiry Into Online Advertising Sector
Google Removed 700,000 Apps From Google Play in 2017
HTC Pixel team is Now Part of Google
Google lets you mute ads, Chrome 64 adds support got HDR video
Google Signs Patent Agreement with Tencent
Google Expands Global Cloud Infrastructure With New Regions and Subsea Cables
Google Removes Gaming Apps with Porn Malware
Google Assistant Goes to Smart Displays, Cars
Google Brings All Paying Forms Under the Google Pay Brand

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .