A Chinese consortium has bought the Opera internet browser for $600 million (€543 million), its Norwegian developer said Monday, after a public share offer for the company failed.
The consortium led by Golden Brick Silk Road will purchase the mobile and desktop versions of the internet browser, plus performance and privacy apps and a stake in a Chinese joint venture, but not the advertising, games and television units, said Opera Software in a statement to the Oslo stock exchange.
The transaction was announced simultaneously with the failure of the $1.2 billion public offer to take over the entire company.
It gave no reason for the failure, but in a statement to the Oslo stock exchange last week Opera Software said the outcome of the offer was uncertain as it had not yet received regulatory approvals by the deadline of July 15. Full story...
The consortium led by Golden Brick Silk Road will purchase the mobile and desktop versions of the internet browser, plus performance and privacy apps and a stake in a Chinese joint venture, but not the advertising, games and television units, said Opera Software in a statement to the Oslo stock exchange.
The transaction was announced simultaneously with the failure of the $1.2 billion public offer to take over the entire company.
It gave no reason for the failure, but in a statement to the Oslo stock exchange last week Opera Software said the outcome of the offer was uncertain as it had not yet received regulatory approvals by the deadline of July 15. Full story...
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