Opera Software shares surge on Facebook takeover talk
Posted in: Internet Use/New Technologies at 30/05/2012 14:14
Suggestions that Facebook is looking to acquire mobile technology firm Opera Software propelled the Norwegian group's share price 26% higher on Tuesday morning.
Opera makes one of the world's most widely used mobile phone internet browsers, and Mark Zuckerberg's social network is reportedly interested in the company as part of a plan to create a Facebook smartphone.
Opera would cost Facebook over $1 billion - analysts
Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares up as much as 26 percent on Tuesday.
Oslo-listed Opera, coveted for its advanced mobile phone software technology, would be a perfect fit for Facebook but the firm's business is also vital for some of the industry's biggest players so any bid is likely to attract others to the table.