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Opera receives buy out offer of $1.2 billion

 


Opera software, the inventors of the well-known Opera browser, have being presented with a buy out offer of $1.2 billion by a  consortium of Chinese company’s.

According to the statement contained in the pdf on Opera’s primary insider page on website; “The Consortium consists of the leading Chinese Internet firms Kunlun and Qihoo, backed by the investment funds Golden Brick and Yonglian. The transaction would give Opera access to the extensive internet user base of Kunlun and Qihoo in China as well as the financing and other support of the Consortium that would allow for the full potential of the Company to be realized. At the same time, Kunlun and Qihoo would be able to cross-sell their products and services to the Opera user base, and benefit from Opera’s leading mobile advertising platform”.

Lars Boilesen, Chief Executive Officer of Opera, said, “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.”

From the look of things, it is apparent that the deal will go through/ has already being sealed. Whichever way, I hope Opera browser will continue giving value to its users.

What browser do you think is best for use?

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Ifeanyi Joseph

Writer, tech enthusiast, and sport aficionado. You can find him on Facebook @ fb.com/okondu.

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