Mergers & Acquisitions

Venture Capital

Opera Software Acquires Skyfire for $155,000,000

Company NameSkyfire
Mailing Address779 East Evelyn Ave Mountain View, CA 94041
Company DescriptionSkyfire 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.
Websitehttp://www.skyfire.com
Transaction TypeM&A
Transaction Amount$155,000,000
M&A TermsThe 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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