Opera could be bought with $1.2 billion in cash by a chinese investment fund

Opera logoAn offer of $1.2 billion was made today for the acquisition of Opera Software ASA by a Chinese equity investment fund.

Opera Software ASA announced today record revenues for the fourth quarter of 2015, and on the same day, it received a kr10.5 billion ($1.2 billion / €1.1 billion) buyout offer from a Chinese equity investment fund that's made up of several companies.

The Chinese are offering a huge amount of money, and it's in cash, if anyone was wondering. For now, this is just a buyout offer for 100% of the shares, but it also means that it needs to be approved by shareholders. On the other hand, the board has already unanimously decided to recommend the shareholders to accept the offer.

From the looks of it, this is pretty much a done deal since larger shareholders representing approximately 33 per cent of the Opera shares have already decided to accept the offer, so this acquisition will most likely happen.

The Chinese equity investment fund is actually made up of several companies, Kunlun and Qihoo, backed by the investment funds Golden Brick and Yonglian.

"There is strong strategic and industrial logic to the acquisition of Opera by the Consortium. We believe that the Consortium, with its breadth of expertise and strong market position in emerging markets, will be a strong owner of Opera. The Consortium’s ownership will strengthen Opera’s position to serve our users and partners with even greater innovation, and to accelerate our plans of expansion and growth," said Lars Boilesen, chief executive officer of Opera.

From what the company has said until now, this buyout offer wouldn't change the way Opera does business. It's presented more as an investment and not like a change in leadership. There is also no mention of changes to the hierarchy of the company, which is also likely to happen, if the deal goes through.

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

 
A recent test done charging speeds offered by the Huawei Mate 20 Pro was extremely slow
 
Google has announced that it will start to predict flight delays, using a combination of historic flight information
 
The Huawei P30 and P30 Pro are expected to follow the suit of the regular Mate 20
 
And it’s all possible thanks to a Bing search result
 
Microsoft 365 is a monthly subscription service that includes Windows 10
 
All thanks to Microsoft Flow integration, it seems
 
AI was the hottest trend in 2018, but now 2019 and 5G will be the buzzword
 
A lawsuit was filed on Friday in the US District Court of Northern California by a couple of plaintiffs who accuse Apple of falsely advertising
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
      1
2345678
9101112131415
16171819202122
23242526272829
3031     




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)