FACEBOOK MAY BUY OPERA
Shares of Opera Software soared over 20% with the air around the talks about the Facebook’s discussion to buy the firm. While the tech. gurus and business analysts are predicting that the competition from Google and others could actually push the price of any deal over massive $1 billion. The good news for Oslo-listed Opera is that its shares jumped as much as 26% in last few days, thanks to all the buzz around the world, and now the evaluation of the firm is at over $800 million.
Opera certainly has a strong mobile technology, moreover, is also has just over 170 million Opera Mini users. Opera already has extensive commercial relationships with multiple mobile phone manufacturers and service providers. Going by the records, Facebook has somewhat struggled to convert its rapidly increasing traffic from mobile platforms to revenue, and purchasing a Opera could be a faster solution than building its own platform or browser.
Tech analysts from around the world believe that Opera could be a perfect fit for Facebook’s demand of mobile platform and could do wonders for the company.
Meanwhile, Opera employees have repeatedly declined to comment about the talks with Facebook.