Opera Catches $1.2B Bid from Chinese Syndicate

February 11th, 2016 Posted by Capital Markets, China Business Development, Digital Marketing, E-Commerce, M&A, Mobile Marketing No Comment yet

Norway-based Opera Software ASA, a software maker best known for their mobile browser, agreed to be acquired by a consortium of Chinese tech companies. 75% of Opera’s sales in Q4 consisted of mobile advertising third-party publishers. The all-cash offer is backed by:

  • Internet security provider Qihoo 360 Technology Co., which announced in 2015 its intention to delist from NYSE in a buyout led by its chairman
  • Chinese game maker Beijing Kunlun Tech Co.
  • Golden Brick Capital Management Ltd.
  • Yonglian Investment Co.

Read the New York Times article here.

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