OSLO, June 24 Norwegian technology firm Opera
Software ASA has agreed to acquire U.S based
AdColony, a mobile video advertising platform, it said on
Tuesday and raised its earnings guidance for 2014.
Opera said it would pay $75 million in cash plus potential
earn-out payments of up to $275 million.
The firm also raised its 2014 full year revenue guidance
range to $435-$460 million from $390-410 million reported in the
The transaction is expected to be closed by Aug. 15.
(Reporting by Nerijus Adomaitis)