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OperaMini sold for $600Million

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Offline gyft

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OperaMini sold for $600Million
« on: July 18, 2016, 05:16:26 PM »

Latest report reaching us is that the popular company know for its browser has been sold for $600million to a Chinese consortium (543 million euros).

Reports states that the transaction was announced simultaneously with the failure of the $1.2 billion public offer to take over the entire company.  It gave no reason for the failure, but in a statement to the Oslo stock exchange last week Opera Software said the outcome of the offer was uncertain as it had not yet received regulatory approvals by the deadline of July 15.

Opera's management had backed the proposed takeover as it would give the browsers access to the extensive internet user bases of Kunlun and Qihoo in China. The purchase, which should close in the second half of this year, may be the better deal for Opera.


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