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Submission + - Google to Acquire Norwegian Video Codec Company->

eldavojohn 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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Google to Acquire Norwegian Video Codec Company

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