Wednesday, 1. April 2009, 07:00:27
MOUNTAIN VIEW, Calif., April 1, 2009 - Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire Opera Software ASA(NO: OPERA), the browser company for desktop and mobile devices, for $1.95 billion in a stock-for-stock transaction. Following the acquisition, Opera will operate independently to preserve its successful brand and passionate community.
The acquisition combines one of the fastest and most innovative browser with Google's expertise in on-line marketing and creating new models for generating revenue on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in browsing the Internet on any device, and will offer new opportunities for professional content owners to distribute their work to reach a vast new range of devices.
"The Opera team has built an exciting and powerful web browser that complements Google's mission to organize the world's information and make it universally accessible and useful," said Eric Schmidt, Chief Executive Officer of Google. "Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling Internet experience to users, on any device."
"Our browser has played a vital role in changing the way that people surf the Internet, creating a new mobile Internet culture. By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive browsing experience for our users and to create new opportunities for our partners," said Jon S. von Tetzchner, CEO and Co-Founder of Opera. "I'm confident that with this partnership we'll have the flexibility and resources needed to pursue our goal of building the next-generation platform for browsing the Internet on any device worldwide."
When the acquisition is complete, Opera will retain its distinct brand identity, strengthening and complementing Google's own Chrome web browser and Android platform. Opera will continue to be based in Oslo, Norway, and all Opera employees will remain with the company. With Google's technology, advertiser relationships and global reach, Opera will continue to build on its success as one of the world's most popular browser for mobile devices.
See More Info