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On2 To Buy Hantro Products

On2 Technologies Inc. (AMEX: ONT) has agreed to acquire Hantro Products Oy, a Finland-bsed provider of video technology for mobile devices. The deal is valued at approximately $58.5 million in cash and stock. Hantro has raised around $27 million in VC funding since 1999, from firms like Nexit Ventures, Menire Corp., StartupFactory AB, CapMan Capital and 2M Invest AS. It was advised on the sale by Mooreland Partners.