Opera buying Skyfire for mobile-video technology
Opera Software is acquiring Skyfire Labs and its technology for squeezing video onto congested mobile-phone networks in a deal worth up to $155 million, the Norwegian browser maker said tonight.
Opera, the fifth-ranked browser maker in terms of global usage, gets paid for adapting its browser for mobile network operators and for driving searches to sites like Yandex and Google. It's been gradually expanding its business into domains such as advertising, though, and the Skyfire deal adds a new dimension to its business selling technology to operators.
"Both companies have evolved far beyond their browser roots," said … Read more

