Chinese Tech Group Offers To Buy Opera; Board Endorses

Posted by timothy on Wednesday February 10, 2016 @02:24AM 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.

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What will happen to Fastmail? by MetalliQaZ · 2016-02-10 02:49 · 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.

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