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Opera Divests TV Business

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Dec 20, 2016, 8:24 AM by Eric M. Zeman

Opera Software today said it has sold its connected TV business to Moore FrÃ¨res & Company, an investment and holding firm. Opera TV's software allows smart TVs and other connected consoles to stream video over the internet. Opera Software has already divested its mobile and desktop browser business. The company remains committed to its remaining business units, which include the Skyfire cloud service for phone network operators, Bemobi for mobile apps and games, and SurfEasy for mobile VPNs. The transaction with Moore FrÃ¨res & Company is valued at about $80 million.

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