Opera selling its browser and other assets to Chinese joint venture called nHorizon

[Jim K Global Moderator]

The Norwegian based company, Opera, will be selling its mobile/desktop browser, performance and privacy apps, and technology licensing business to a Chinese joint venture called nHorizon in a deal worth $600M.  

 

Quote

A $1.2 billion takeover of Opera Software by a group of Chinese internet firms fell through on Monday after failing to get regulatory approval in time, sending the Norwegian browser firm's shares to a seven-month low.

 

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Opera and the Chinese group have instead come up with an alternative deal worth $600 million which strips out some products and services in a bid to overcome regulatory hurdles.

 

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It will acquire Opera's mobile phone and desktop computer browser business, its performance and privacy apps division, its technology licensing business, as well as its stake in Chinese joint venture nHorizon.

 

However, the consortium will no longer buy Opera's advertising and marketing business, its TV operations, nor its game-related apps.

More at Reuters

[Boo Berry]

Yeah... no. Wouldn't recommend Opera anymore now - I'd recommend Vivaldi!