Opera Spins Off Ad Business

Acquisition rumors reemerge

With not so recent rumors about the upcoming Opera acquisition by Facebook (or possibly other companies), Opera Software has just announced that they will be spinning off their ad business into a separate entity: Opera Mediaworks, which, according to them, is now the largest mobile advertising network in the world.

However, while the spinoff itself is not exactly news worthy, ZDNet notes that Opera Software is now a much easier sell because a third party company can acquire its browser business without touching mobile advertising unit or vice versa.

Whether or not we will see that this year, only time will tell.

[Thanks, Tibor]