Share speculation and competition from rival buyers pushes buying price higher

Facebook could pay over $1 billion for Opera

Facebook could pay over $1 billion in a deal to acquire the Opera browser software.

According to Reuters, Opera’s share price shot up by 20 per cent while Facebook was in negotiations to buy the company. Meanwhile analysts, predict that competition from other buyers could push a final purchase price over the $1 billion mark.

The deal would give Facebook further options in monetising their mobile user base, as well as offer possibilities for the rumoured Facebook phone.

Nonetheless, a key challenge could arise from Google, which has a number of key strategic relationships in place with Opera.

In addition to this, Opera’s founder and largest shareholder Jon Tetzchner reportedly believes the company should focus on organic growth rather than a takeover.

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