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Opera agrees to USD1.2b takeover
(MENAFN) Opera Software ASA, the Norwegian software firm, saw a majority of its shareholders vote in favor of a deal that would see the company be bought by a consortium of China-based parties.
In accordance, the deal is worth USD1.2 billion and will see Golden Brick, a group of companies including Qihoo 360 and Kunlun, take full control of the Oslo-based creator of the famous Opera browsers.
Moreover, the software developer has been pumping out a number of new products for its software, including a full-featured ad-blocker in the Opera web browser and a built-in private VPN service.
Basically, this sale will unlock access to the Chinese market for Opera, which should bring a new wave of users to the Opera product line, plus It'll be interesting to see how its direction is maintained post-acquisition.
In accordance, the deal is worth USD1.2 billion and will see Golden Brick, a group of companies including Qihoo 360 and Kunlun, take full control of the Oslo-based creator of the famous Opera browsers.
Moreover, the software developer has been pumping out a number of new products for its software, including a full-featured ad-blocker in the Opera web browser and a built-in private VPN service.
Basically, this sale will unlock access to the Chinese market for Opera, which should bring a new wave of users to the Opera product line, plus It'll be interesting to see how its direction is maintained post-acquisition.
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