Is Facebook thinking of buying Opera Browser?
Facebook has been very busy over the last couple of months. First, it acquired Instagram for $1 billion. Later on, it bought a mobile social gifting app – Karma. Recently, Facebook launched its own camera application for iOS devices.
Pocket-lint repored recently that Facebook is thinking of buying a browse maker Opera Software with the intention of expanding into the browser field. This is the reason that Facebook is looking to acquire Opera to do so. After acquiring Opera, Facebook is more competitive compared with Microsoft, Google, Mozilla, Apple and Yahoo.
According to TNW, the management of Opera Software is talking to potential buyers right now, but it is not clear whether Facebook is one of them. I think maybe it is a good choice by Facebook to acquire Opera thus enabling entrance to the browser market. The number of users who log in Facebook via mobile device is increasing rapidly. Acquiring a browser which already has a lot of users is much easier than developing a new browser by Facebook itself.
If Facebook buys Opera, it will certainly have 270 million Opera users every month. In addition, more than 168 million people used Opera Mini browser in March. Checking the financial situation of Opera Software, we can see that Opera has 750 employees currently. In Q2 2012, it had roughly revenue about 50 million. Its market cap currently is about 670 million.
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12 June 2013 / 13 June 2013