Posts Tagged ‘Kunlun’

Opera Software Sale Not Happening … Sort Of

Wednesday, July 20th, 2016

Given Opera’s relatively small market share, I’m kind of surprised that there would be this much interest in buying them out.

According to a report on Reuters, the sale of Opera Software to a Chinese consortium is not going to happen. The deal, approved by company boards and shareholders alike, failed to win regulatory approval by July 15. The takeover bid of $1.24 billion US Dollars for all Opera Software assets by a Chinese consortium that includes Qihoo 360 and Kunlun would move huge amounts of data to China.

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Chinese Companies Make Offer to Acquire Opera Software

Wednesday, February 10th, 2016

Opera might not be the most popular browser on Earth, but apparently somebody thinks it has potential.

A consortium of Chinese Internet companies, among them Kunlun and Qihoo 360, plan to acquire Norwegian company Opera Software in a buyout valued at $1.2 billion US Dollars. Rumors about a potential acquisition of Opera Software, or a sale of company assets, have circulated around the Internet as early as 2012. While there has surely been interest by many companies to acquire Opera Software, no offer has been made publicly until yesterday.

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