Chinese Consortium tables $1.2 billion to buy Opera

Posted by

A Chinese group has indicated interest to buy out Opera. The group, comprising owners of Kunlun, Qihoo 360, is also backed with investment funds, Golden Brick and Yonglian. A $1.2 billion bid has already been presented to Opera, and the company has put it into consideration.

Opera-new-logo

Opera CEO said in a statement:

“There is strong strategic and industrial logic to the acquisition of Opera by the Consortium,”

“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.”

Word has it that Opera’s board is recommending shareholders to approve the takeover. The deal will also need approval from various government entities to go through. We know Opera re-branded and changed their logo. The company is behind many mobile services which includes Opera Mini, Opera Coast, Opera Max, etc.

Do you think Opera should accept the bid? We shall see how this turns out.

Source

6 comments

  1. Hmmm. I am surprised to hear of this deal as there was this rumour the other time that FaceBook has an interest in Opera.

    UC Browser already dominates the Chinese market, and this acquisition would put the Chinese firmly in charge of the internet in terms of numbers Not sure what implication (if any) this has…

  2. I’m not sure if I like the idea of the Chinese taking control of browsers. I’m already suspicious as to their motives of the lack of Facebook, Instagram and WhatsApp in China is anything to go by.

  3. Its not something good. The Chinese secret service surely has a hand in this cos there is no logic for acquiring opera when Ucweb already dominates their webosphere except maybe for diabolical reason

    1. if that’s true the deal won’t scale through the govt approval hurdle. my advice is for the Opera folks to take the money and run

  4. It’s a business deal and any ulterior motives does not necessarily have to be ascribed to it,we must be wary of joining the American propaganda of ascribing any Chinese technology upstart as being used by their Secret Services,the Americans ain’t no Saints themselves..

Have Your Say

Your email address will not be published. Required fields are marked *

Discussions are moderated for civility