Chinese Consortium's $1.24B Bid To Acquire Opera Software Fails, $600M Deal Agreed Instead (tech.eu)

Posted by msmash on Monday July 18, 2016 @02:40AM from the something-better-than-nothing dept.

The $1.24 billion takeover of Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday. The deal did not receive the required regulatory approval in time of a final deadline. But they will be doing some business. The consortium will now acquire only certain parts of Opera's consumer business, including its mobile and desktop browsers, for $600 million on an enterprise value basis. Tech.eu reports: What will not be acquired by the consortium is: Opera Mediaworks, Apps & Games and Opera TV. In 2015, Opera says these business units combined delivered revenues of $467 million. The company will report second-quarter results on August 31, 2016.

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Re:Insane by Rockoon · 2016-07-18 03:11 · Score: 4, Informative

Maybe they want Opera because its the #1 browser in Africa and a strong #2 in many other places?

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"His name was James Damore."
Re:Does This Worry Anyone Else? by Predius · 2016-07-18 05:33 · Score: 3, Informative

I'm saying there is a massive difference between backdoor hardware and a backdoor in a software component. OP claimed the first was going on, which is clearly bunk.