Opera acquires AdColony

: Wednesday, June 25 - 2014 @ 04:12

Opera Software, developer of the Opera web browser, has confirmed that it has acquired AdColony to bolster its mobile video ad capabilities, Wall Street Journal has reported. Opera is paying $75m in cash for AdColony, plus potential earn-out payments of up to $275m, Opera said. Following the acquisition AdColony will operate as a subsidiary of Opera Mediaworks and continue to serve its existing customers, which include both mobile app publishers and major ad agencies, it said.

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Wednesday, June 25- 2014 @ 4:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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