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.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Opera Sings Praises for Chinese Buyout Bid
Feb 10, 2016
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.
T-Mobile to Deploy 5G On 600 MHz Spectrum Starting in 2019
May 2, 2017
T-Mobile today said it plans to use some of its recently acquired 600 MHz spectrum to support a future 5G network. The company successfully won an average of 31 MHz (ranging between 20 MHz and 50 MHz) of the 70 MHz low-band spectrum auctioned off by TV stations and the FCC earlier this year.
Facebook Simplifies Privacy Controls, Tweaks Trending News
Jan 26, 2017
Facebook today introduced what it calls Privacy Basics, a series of tools to help people better manage their privacy on the social network. Privacy Basics features 32 interactive guides available in 44 languages that walk users through the network's various settings and controls for fine-tuning who sees what.
Google Play Instant Lets You Test-Drive Games Without Downloading Them
Mar 19, 2018
Google today announced several changes to the Google Play Store and Google Play Games apps that should entice Android device owners to check out the latest games. A new feature called Google Instant Play lets people tap and try games directly in the Google Play Store and Google Play Games app without first downloading the game.
Then they wonder....