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The Chinese consortium now plans to acquire Opera's browser business, both for mobile phones and desktop computers, the performance and privacy apps section of the company as well as its technology licensing business and its stake in Chinese joint venture nHorizon, Opera said. Opera $1.2 Billion Buyout Drops to $600 Million in New Deal [reuters.com]
It will not acquire Opera's advertising and marketing business, its TV operations, nor the apps that are game-related.
the deal has been renegotiated: the same group will now pay $600 million to acquire only certain parts of Opera’s business.
Opera will sell the Qihoo 360-led consortium its mobile and desktop browser operations, its performance and privacy apps, its tech licensing not including Opera TV; and Opera’s 29 percent stake in Chinese JV nHorizon.
Opera’s remaining business that is not part of the sale will include Opera Mediaworks, Opera Apps & Games (including Bemobi) and Opera TV, along with about 560 employees. As of Q1, Opera had 1,669 employees in its full operation.
The Opera name and trademark will go the deal and the remaining company has some 18 months to find a new name, a company spokesperson told me. The new deal has already been approved by Opera’s board.
joined:July 23, 2015
the remaining company has some 18 months to find a new name