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Submitted: May 18, 2010 - 8:18am
Last updated: May 18, 2010 - 8:19am
Last updated: May 18, 2010 - 8:19am
Source:
Reuters
Location:
Google, 1600 Amphitheatre Parkway, Mountain View, CA, 94043, United States
Google is buying Oslo-listed Global IP Solutions for $68 million to build its real-time audio and video Internet capabilities. The friendly all-cash transaction values GIPS shares at 13 Norwegian crowns each, up 27.5 percent from Friday's closing price of 10.20 crowns. Norwegian markets were closed on Monday. GIPS enables service providers, developers and hardware manufacturers to reduce network impairments such as delay, jitter and echo in real-time audio and video applications.
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