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Chinese Tech Group Offers To Buy Opera; Board Endorses

Posted by timothy on from the who-owns-what-where dept.

jones_supa writes: There's been plenty of speculation around the future of web browser maker Opera, and now that looks like it will soon be resolved. Today the Norway-headquartered company confirmed that it has received a $1.2 billion acquisition offer from a group fronted by Chinese consumer tech companies Kunlun Tech and Qihoo 360. The deal is for 100% of the company, and it represents a 53% premium on the company's valuation based on its most recent trading price. Opera's board said in a statement (PDF) that it has "unanimously decided to recommend" its shareholders to accept the bid. The final deal is subject to government and shareholders' approvals.

2 of 120 comments (clear)

  1. What will happen to Fastmail? by MetalliQaZ · · Score: 4, Interesting

    Didn't Opera buy Fastmail a few years ago? As a long time Fastmail user, like so many other tech people, I'd worry about my email provider being controlled by the Chinese.

    --
    "Here Lies Philip J. Fry, named for his uncle, to carry on his spirit"
  2. Opera Mini by williamyf · · Score: 3, Interesting

    Opera Mini intercepts all web traffic in order to reshape/recompress

    It acts like a sort of "Man n the middle" for web traffic.

    Put on your tinfoil hats boys and girls, this will be a wonderful ride.

    PS: Also, think of all the Symbian(S60)/ASHA(S40)/NokiaX phones whose browser and store is handled by Opera now, by way of Microsoft...

    http://www.allaboutsymbian.com/flow/item/20265_Nokia_Store_to_be_replaced_by_.php

    --
    *** Suerte a todos y Feliz dia!