Chinese consortium offers $1.2 billion for browser maker Opera

By Shawn Knight ยท 15 replies
Feb 10, 2016
Post New Reply
  1. A consortium of Chinese technology firms have offered to pay $1.2 billion for browser maker Opera, a 53 percent premium over what it was trading at prior to the news. Unsurprisingly, the Norwegian-based company's board of directors unanimously recommended that shareholders take the offer.

    The buyout bid comes from mobile gaming company Beijing Kunlun Tech and Qihoo 360, said to be China's top mobile antivirus provider. Their efforts are being led by Golden Brick Silk Road Fund Management of China which also includes Yonglian Investment.

    If the deal pans out, Kunlun and Qihoo aim to sell their wares to Opera's user base and extend the browser maker's mobile advertising platform to Chinese users. Opera said its mobile ad network has a reach of over a billion users.

    Also of value is Opera's data-saving backend technology which compresses websites before they are served to users, thus helping to reduce bandwidth consumption. The technology has helped the company make inroads in emerging markets such as Latin America and South Asia that may lack speedy Internet connections. Even with the impressive technology, Opera ranks as the sixth most-used browser with a 5.5 percent market share according to Internet metrics firm StatCounter.

    Despite its mobile ad reach, 2015 was not kind to Opera. As Mashable notes, the company had to revise its outlook twice and told shareholders it was shopping itself around to potential buyers.

    Permalink to story.

  2. EClyde

    EClyde TS Evangelist Posts: 1,310   +434

    I'd sell and dance to da bank
    jobeard and tomkaten like this.
  3. VitalyT

    VitalyT Russ-Puss Posts: 3,671   +1,960

    Anybody ever saw a Chinese opera before? No? You know why?
  4. Lionvibez

    Lionvibez TS Evangelist Posts: 1,268   +437

    Lol everyone I know that uses this will jump ship if its owned by china.

    1.2 Billion is hard to turn down!

    So ya take that money and run is right.
    gregzeng likes this.
  5. infiltrator

    infiltrator TS Booster Posts: 164   +27

    I have been a fan of the Opera browser for a long time. I may have to re-consider, if Opera accepts their offer... Nothing against Opera, its just that I don't like the Chinese trying to take over everything in this planet.
  6. Technician

    Technician TS Addict Posts: 677   +114

  7. Technician

    Technician TS Addict Posts: 677   +114

    Trying to take over? If you are referring to the foreign holdings of the US national debt, China spent the first few months of 2015 selling debt and calling in loans, decreasing its total to less than $1.2 trillion. Meanwhile, Japan increased its holdings of U.S. debt to over $1.23 trillion, taking over the top spot among foreign creditors.
    Worry about Japan, not China.
    Better yet support American companies products.
    gregzeng likes this.
  8. darkzelda

    darkzelda TS Evangelist Posts: 303   +108

    I've been using Opera for ages, on Pc and Mobile, I'll wait to see what happens, but for now I'll continue using it, every time I tried another browser I like Opera a bit more.
    gregzeng likes this.
  9. infiltrator

    infiltrator TS Booster Posts: 164   +27

    I like your idea of supporting the American companies better...
  10. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,274

    ** Fixed** Anybody ever been to a Chinese opera before? No? You know why?
  11. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,274

    They'd be foolish to look this gift horse in the mouth.
    jobeard likes this.
  12. Nero7

    Nero7 TS Maniac Posts: 276   +105

    Yandex is the new Opera.
  13. jobeard

    jobeard TS Ambassador Posts: 11,177   +989

  14. Technician

    Technician TS Addict Posts: 677   +114

    LOL and the Yugo is the new Bugatti.
  15. romainB

    romainB TS Enthusiast Posts: 38

    I gotta get into the browser business.
  16. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 9,738   +3,706

    If it wasn't cheaper to import than pay taxes, we might have companies to support.

Similar Topics

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...