Sometime ago, we reported that Opera will soon be sold to a Chinese consortium. It was also expected to be sold for $1.2 billion. But in a recent development, it was revealed that the deal has been struck – in parts.
The Consortium will acquire certain parts of Opera’s consumer business, and the deal has been approved by Opera’s Board of Directors. See the list of the sold parts:
- Mobile Browser, including Operator Co-brand solutions
- Desktop Browser
- Performance and Privacy Apps
- Opera’s technology licensing business outside of Opera TV
- Opera’s 29.09% ownership in the Chinese joint venture
The following parts will not be sold:
- Opera Mediaworks
- Opera Apps & Games (including Bemobi)
- Opera TV
Meanwhile, the remaining unsold parts will branch off as a separate entity with a new name. The deal is now said to be worth $660 million, and is still pending approval from several other regulatory bodies.