Google Buys Global IP to Boost Video Offerings
By wchung | 11 Apr, 2026
Google Inc. is buying Global IP Solutions Holding AB for $68.2 million in cash in a move to expand its Internet video and audio offerings, the companies said Tuesday.
The offer represents a 27.5 percent premium to Global IP’s closing price on Friday. Shares of the Norwegian company are traded on the Oslo Stock Exchange.
The cash buyout offer is expected to expire on or about June 4. Global IP’s board is recommending the deal.
“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, in a statement.
Google is based in Mountain View, Calif.
NEW YORK (AP)
Recent Articles
- Artemis II Ends in Safe Splashdown for Astronauts of 10-day Moon Swing-by
- What Is the 25th Amendment and How Might It Fit the Moment?
- Coachella Draws Asian Power Attendees with Global Talent
- Vance Leaves for Islamabad, Iran Renews Demands, Trump Trash Talks
- ICE Launches Probe of Birth Tourism Schemes
- Trump Economy Sets New Record Low in Consumer Sentiment
- OpenAI CEO Sam Altman's Home Targeted with Molotov Cocktail, Suspect Arrested
- Next-Gen Nuclear Power Gets Boost from Big Tech Amid AI Boom
- Trump's Temporary 10% Global Tariffs Under Fire at US Trade Court
- Snap's Specs AI Smart Glasses to Use Qualcomm Chips