Opera Software Scoops Up Mobile Browser Rival Skyfire Labs

Maximum PC: Opera Software today announced that it has acquired Skyfire Labs, a rival in the mobile browser space, in a deal that could be worth as much $155 million when all the checks are written. The Norwegian browser maker agreed to pay $50 million in cash and stocks upfront (including $8 million in cash on the Skyfire balance sheet), and will also make performance based earn-out payments over the next three years that could ultimately value the deal at $155 million.