Facebook (FB) Could Boost Revs with This Potential Acquisition...
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Facebook (Nasdaq: FB) is said to be looking for a route to penetrate PCs and mobile devices more quickly.
Reports out Friday suggest Facebook is in talks to acquire Opera, one of the world's leading companies for Internet browsers. The chatter, unconfirmed by both Opera and Facebook reps, according to TheNextWeb, comes as Yahoo! (Nasdaq: YHOO) is launching its own browser plugin for Apple's (Nasdaq: AAPL) iPhone and iPad, as well as other select browsers.
Having gone public just last Friday, many have brought into question Facebook's ability to drive top-line growth as more users move into accessing Facebook from mobile devices. Ad revenue collected from mobile devices is currently much less than that of a search via PC.
TheNextWeb's sources said Opera management is in talks with potential buyers right now and also initiated a hiring freeze within the company. Opera is currently an Oslo Stock Exchange-listed company.
The source was unable to officially confirm whether or not Facebook was a suitor to a potential deal, noted TheNextWeb.
Details on Opera's business include providing Internet access for some 270 million users every month, with about 168 million using the Opera Mini browser. Revenue for the second quarter is internally projected to be about $50 million and the company boasts a market cap of $670 million.
A Facebook browser would be pit against Google's (Nasdaq: GOOG) Chrome, Apple's Safari, and Microsoft's (Nasdaq: MSFT) Internet Explorer, amongst many other smaller offerings.
Shares of Facebook are down about 3.6 percent Friday afternoon.
Reports out Friday suggest Facebook is in talks to acquire Opera, one of the world's leading companies for Internet browsers. The chatter, unconfirmed by both Opera and Facebook reps, according to TheNextWeb, comes as Yahoo! (Nasdaq: YHOO) is launching its own browser plugin for Apple's (Nasdaq: AAPL) iPhone and iPad, as well as other select browsers.
Having gone public just last Friday, many have brought into question Facebook's ability to drive top-line growth as more users move into accessing Facebook from mobile devices. Ad revenue collected from mobile devices is currently much less than that of a search via PC.
TheNextWeb's sources said Opera management is in talks with potential buyers right now and also initiated a hiring freeze within the company. Opera is currently an Oslo Stock Exchange-listed company.
The source was unable to officially confirm whether or not Facebook was a suitor to a potential deal, noted TheNextWeb.
Details on Opera's business include providing Internet access for some 270 million users every month, with about 168 million using the Opera Mini browser. Revenue for the second quarter is internally projected to be about $50 million and the company boasts a market cap of $670 million.
A Facebook browser would be pit against Google's (Nasdaq: GOOG) Chrome, Apple's Safari, and Microsoft's (Nasdaq: MSFT) Internet Explorer, amongst many other smaller offerings.
Shares of Facebook are down about 3.6 percent Friday afternoon.
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