Opera reportedly buying rival Skyfire LabsFebruary 15, 2013 - 11:25 AMT PanARMENIAN.Net - Norwegian browser maker Opera Software said it is buying rival Skyfire Labs in a deal that could be worth upwards of $150 million, AlThingsD reported. Mountain View, Calif.-based Skyfire has software that allows carriers to deliver optimized video and other content to mobile devices. Skyfire said three large U.S. operators are using its technology and 10 operators around the world are in trials. “Opera and Skyfire are a natural fit,” Opera CEO Lars Boilesen said in a statement. “Both companies have evolved far beyond their browser roots. Skyfire adds capabilities to our portfolio around video, app optimization, smartphones and tablets, and strength in North America.” The cash-and-stock deal calls for Skyfire to get an upfront $50 million payment with performance-based clauses over three years that could eventually make the deal worth $155 million. Once the deal closes, which is expected to happen by the middle of next month, Skyfire CEO Jeffrey Glueck will become an executive VP at Opera, overseeing its dealings with carriers while retaining his role as head of Skyfire, which will be a wholly owned subsidiary and continue to develop its Skyfire browser. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. “Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”. |