Facebook Rumored To Eye Another $1 Billion Buy - Spokane, North Idaho News & Weather KHQ.com

Facebook Rumored To Eye Another $1 Billion Buy

OSLO (Reuters) - Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares up as much as 26 percent on Tuesday.

Oslo-listed Opera, coveted for its advanced mobile phone software technology, would be a perfect fit for Facebook but the firm's business is also vital for some of the industry's biggest players so any bid is likely to attract others to the table.

"Opera would be sensible for Facebook on several levels," Arctic Securities said.

"It would enhance the now limited mobile experience of Facebook, improve Facebook's mobile monetization problem, help Facebook retain online game developers leaving the social network over the lack of a mobile platform and further improve Facebook's ability to target ads." click here to read more

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