On2 Technologies Inc. (ONT) said that its stockholders has voted to further adjourn the special meeting to continue to provide additional time to solicit proxies on the merger proposal with a unit of Google Inc. (GOOG). The further adjourned special meeting will be reconvened on February 17, 2010.
Approval of the merger proposal requires the affirmative vote of a majority of the issued and outstanding shares of On2's common stock, as opposed to just a majority of the shares voting.
On2's board recommends stockholders to approve the merger proposal.
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