Opera is up for sale

Opera logoOpera Software, the company behind the famous and much-praised Opera Web browser, is actively looking for a buyer, Reuters reports.

The news comes out after the company presented its 2015 Q2 financial report, in which it recorded a 45% year-to-year growth, but under its prognosticated expectation of 51%.

Total revenue for the second quarter of 2015 was at $146 million / €133 million, with expected earnings of $29 million / €26.5 million after taxes, depreciation, and amortization. Initial predicted numbers had the company at $30.6 million / €27.9 million.

This is the second consecutive quarter in which Opera software failed to meet financial expectations, even if it still made a profit.

If this is the cause for which Opera is searching for a buyer, this may be one of the most frugal reasons to prod the market for a future buyer.

Reuters is reporting that company officials are currently carrying out a "strategic review," which includes searching for future forms of partnerships, not just for a buyer.

In their efforts, Opera Software recruited experts from Morgan Stanley International and ABG Sundal Collier.

Reuters' report comes to contradict recent Opera news which saw the company buy Bemobi, a South American company that provided subscription services for mobile apps and games.

The sale was valued at $139.5 million / €127.3 million, Opera paying $29.5 million / €26.9 million upfront in cash.

Evidently, Opera is not doing as bad as its owners are making it look, but they are certainly not happy with the company's current revenue stream either.

No matter if a sale is or is not carried out, Opera's 1,000 plus employees are looking at the company restructuring its ranks in the coming future.

This may also be the time to queue in those "Facebook buys Opera" rumors that were swirling around the two companies three years ago.

Source: Softpedia

Tags: browsers, Opera

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The NVIDIA GeForce GTX 1180 will be Turing-based with a 12nm FinFET die shrink
 
This only works on posts made by profiles that are public
 
 
The device will be standalone and based on a Qualcomm chipset
 
Apple plans on offering a cheaper smart speaker that will be priced at $199
 
Chrome will adopt a new approach to indicating site security
 
Data shows they are leading smartphone sale worldwide
 
Is this an error or it is really happening?
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)