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Re:Google’s WebP Takes on PNG by pasbesoin on Saturday November 19, 2011 @01:12PM (#3255803)
From the article:

With today’s updates, WebP now offers a lossless mode as as well as support for transparency... According to Google’s test, the new lossless mode offers a 45% reduction in size when starting with PNGs found on the web, and a 28% reduction in size compared to PNGs that are re-compressed with pngcrush and pngout (both of which are popular tools for optimizing PNG files).

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