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After Revealing Shift To WebKit, Opera Will Buy Mobile Video Optimization Provider Skyfire Labs For $155 Million

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http://techcrunch.com – Opera Software is buying mobile video optimization and cloud solutions provider Skyfire Labs for about $155 million in cash and stock, the Oslo-based company announced today. The news comes a few days after after Opera revealed that it plans to transition its Web browsers to WebKit to increase competitiveness on Android and iOS. Skyfire will remain open as a wholly-owned subsidiary of Opera and will continue to develop and support the Skyfire browser. The press release by Opera said that the two companies “envision a powerful new set of joint products to be released over the coming year, (IT news)