Chinese consortium to purchase Opera for $1.2 billion

Broadband and TV Connect Asia

Broadband and TV Connect Asia

An investment consortium of leading Chinese Internet firms Kunlun and Qihoo has agreed to acquire 100% of internet and mobile advertising specialist Opera Software for $1.2 billion.

Opera develops and sells web browsers for computer, tablet, and mobile applications worldwide. The company was founded in 1994 and is headquartered in Oslo, Norway. Opera is the world’s sixth-biggest online browser with a market share of about 5.7%, according to Statfinder.

“Our board has undertaken a careful review of the terms and conditions of the Offer and is unanimous in its recommendation,” comments Sverre Munck, chairman of the board. “We commend the management team on the work they have done on behalf of the shareholders, employees and other Opera stakeholders.”

Broadband TV Connect Asia (11-13 April, Jakarta) will be providing exclusive insights into regional operators’ media and technology strategies. Click here to download the free brochure. 

We welcome reader discussion and request that you please comment using an authentic name. Comments will appear on the live site as soon as they are approved by the moderator (within 24 hours). Spam, promotional and derogatory comments will not be approved

Post your comment

Facebook, Instagram and Sky case study: Game of Thrones

BT at IBC: 'unlocking the power of fibre IPTV'

IP&TV News tries out 4G Broadcast at the FA Cup Final

Thomas Riedl: “Google TV has evolved into Android TV”

Tesco and blinkbox: what went wrong?

Reed Hastings and 2030: is he right?