Opera Software Acquires Skyfire for $155,000,000

  • Feed Type
  • Date
    2/16/2013
  • Company Name
    Skyfire
  • Mailing Address
    779 East Evelyn Ave Mountain View, CA 94041
  • Company Description
    Skyfire is an exciting venture-backed innovator in mobile web browsing with a mission to dramatically improve your browsing experience on mobile phones. We created the only mobile browser that delivers both the speed and media-rich experience similar to the PC browser. For the first time, you can watch any video, listen to any music, socialize on any network and browse whatever you want. Anything you can do from your PC, you can now do from your mobile phone using Skyfire.
  • Website
    http://www.skyfire.com
  • Transaction Type
    M&A
  • Transaction Amount
    $155,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition price includes a mix of cash and stock, with an upfront consideration of US$50 million (including US$8 million of cash on the Skyfire balance sheet) and performance based earn-out payments over three years, including US$26 million in cash held in escrow and funded upfront, that can bring the total deal size to $155 million.

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