Chinese Consortium tables $1.2 billion to buy Opera

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

Chibueze is an award-winning gadget reviewer and geek. He loves research, while living and breathing tech. You can reach him on Facebook, Twitter ,OR LinkedIn

6 thoughts on “Chinese Consortium tables $1.2 billion to buy Opera

Leave a Reply

Your email address will not be published.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