Opera cofounder sells big chunk of shares

Opera logoOpera is quite a quirky company, much like the browser it makes. Despite never becoming very popular on the desktop, Opera is making money from its mobile and embedded browsers.

Still, while Opera Mini is going strong, Opera isn't making much progress in the smartphone market as well.

Its future doesn't look great or, at the very least, what it's been doing so far hasn't been working great and won't work at all soon enough.

Sure, there is an iPad browser prototype and probably a few others, but it's hard to make a dent in the browser market.

That said, Opera is home to a large number of talented people and is regularly involved in the development of new web technologies.

Which is why rumors about its acquisition, Facebook having been put forward as a buyer, were so interesting.

With Facebook behind it, Opera's path could take a very interesting turn, maybe even one for the better.

Nothing came of the rumors though and it didn't seem like Opera, at least some people at Opera, was all that interested in being acquired.

Opera cofounder Jon von Tetzchner in particular wanted to focus on long-term growth rather than an acquisition.

But he hasn't been CEO for almost three years now and hasn't been involved with the company in any way for some time. He still had over 10 percent of Opera shares though, which meant he could block any acquisition deal.

That's not the case anymore, local reports indicate that he has sold off a significant chunk and that he now owns just 5.18 percent of the company.

That means an acquisition deal could happen, though that doesn't mean there is one.

For many companies, an acquisition is the end of the road, an acknowledgement that they went as far as they could. For some though, it means a new life. Opera could be one of those companies.

Source: Softpedia

Tags: browsers, Facebook, 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)