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

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
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
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)