Tech Company M&A Transactions
Skyfire Acquisition
Skyfire, based in Mountain View, was bought by Opera Software. The parties disclosed the acquisition price to be $155 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/16/2013
Transaction Type
M&A
Amount
$155,000,000
M&A Terms
The acquisition price includes a mix of cash and stock, with an upfront consideration of US$50 million (including US$8 million of cash on the Skyfire balance sheet) and performance based earn-out payments over three years, including US$26 million in cash held in escrow and funded upfront, that can bring the total deal size to $155 million.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
779 East Evelyn Ave 200
Mountain View, CA 94041
USA
Mountain View, CA 94041
USA
Phone
Website
Email Address
Overview
Skyfire is an exciting venture-backed innovator in mobile web browsing with a mission to dramatically improve your browsing experience on mobile phones. We created the only mobile browser that delivers both the speed and media-rich experience similar to the PC browser.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Gordon Stitt
Chief Executive Officer
Jeffrey Glueck
Chief Technical Officer
Erik Swenson
Co-Founder
Nitin Bhandari
VP - Finance
Corrie Johnson
VP - Operations
John Metzger
VP - Sales
Jason Guesman
Browse more venture capital transactions:
Prev: 2/15/2013: Odyssey Thera venture capital transaction
Next: 2/16/2013: Saphena Medical venture capital transaction
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