Opera to Sell Browser Business to Chinese Firms for $600M
Opera Software today scrapped plans to sell its entire business to a consortium of Chinese companies and will instead sell to them its consumer browser business. The original deal, valued at $1.2 billion, would have seen a handful of China-based investment firms take over all of Opera's businesses. The deal was unable to win government approval in Opera's home country of Sweden and had to be scrapped. Opera and the firms in question reworked the deal to sell off Opera's browser business for $600 million. Under the terms of the deal, the consortium will get Opera's mobile browser, including versions co-branded by mobile network operators; Opera's desktop browser, and performance and privacy apps; Opera's technology licensing business; and Opera's 29.09% ownership of a nHorizon. The Chinese investment firms will be allowed to use the Opera brand on these consumer-facing products. Opera Software will hold onto its Opera Mediaworks, Opera Apps & Games, and Opera TV businesses. Opera CEO Lars Boilesen will serve as CEO for both Opera and the divested unit until December 31, after which he will remain with Opera Software. Opera believes this new transaction will be complete by the end of the third quarter.
Opera Ad Blocker Now Available to Android, iOS, Windows
Opera updated several of its mobile browsers today, bringing its ad blocking tool to Android, iOS, and Windows handsets. First, Opera refreshed its main Opera browser for Android.
Opera Brings Mini Browser to Windows Phone
Opera today released a beta version of its Opera Mini browser for the Windows platform. Opera Mini for Windows offers many of the app's core features, such as Speed Dial for favorites and easy-to-navigate tabs.
Opera Hopes New Android Browser Will Push Growth
Opera Software today announced a wholly refreshed version of Opera Mini for Android devices. Opera gave the browser a new user interface based on Material Design, which lends the browser a more native look and feel to Android devices.
Opera Sings Praises for Chinese Buyout Bid
A consortium of Chinese companies has bid $1.2 billion for Opera Software, maker of web browsers and other mobile services. The collection of companies includes game-maker Kunlun, security firm Qihoo, and private investment firms Yonglian and Golden Brick.
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