Facebook eyeing Opera Software buyout to create own browser

Washington, May 26 (ANI): Social networking giant is planning to buy a Norwegian software firm in a bid to launch its own browser, according to a report.

Tech blog Pocket-lint, cited unnamed 'trusted sources,' as saying that Facebook is looking at Opera Software, the company behind Opera Web browser, to expand into the browser space.

According to CBS News, the move would place Facebook in competition with other tech companies in the browser game such as Yahoo, which recently launched Axis, and Google.

The tech blog said that a Facebook browser 'would allow you keep up to date with your social life from in-built plug-ins and features on the menu bar.'

The Next Web's sources revealed that Opera is in a hiring freeze and talking to potential buyers.

The company reports about 200 million users across all of its platforms.

Meanwhile, Facebook has declined to comment on the matter. (ANI)