After it’s decision to move to WebKit happened earlier this week, Opera has today announced that they have acquired the mobile web browser, Skyfire. Known for their web browser and video optimisation division, the company paid $155 million in cash and stocks for the company, a deal which is expected to be finalised in March.
The acquisition will allow Opera to use features from Skyfire, such as their Rocket Optimiser technology, that can be used to reduce the size of a video and allow companies to show videos with varying amounts of bandwidth.
After the acquisition Skyfire will become an Opera subsidiary and the current CEO, Jeffrey Glueck will keep his position, however his responsibilities will now also translate to Opera, where he will become vice president of the company.
Lars Boilsen, the CEO of Opera Software said that “Opera and Skyfire are a natural fit,” continuing to say “Both companies have evolved far beyond their browser roots. Skyfire adds capabilities to our portfolio around video, app optimisation, smartphones and tablets, and strength in North America.”