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

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