On2 Technologies shareholders are protesting Google’s approach to buy the video software maker for $106.5m. Investors at the company have filed separate lawsuits in New York and Delaware, reports the New York Post. They claim the deal undervalues On2’s regular investors, while benefiting the Clifton Park, New Jersey-based …
This sounds a lot like the lawsuit that Data Domain investors filed when their board didn't try to get a bid from EMC before agreeing to the NetApp deal, except in that case, there plainly was another party interested in purchasing the company, while it's less clear here, making it harder to claim specific damages.
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