Chinese Group Purchases Opera for $600 Million (50% Off!)

Subject: General Tech | July 19, 2016 - 02:38 AM |
Tagged: web browser, Opera, China

Opera is the smallest of the major browser vendors, estimated at about one-fifth the desktop market share of Mozilla's Firefox. That said, it had some fairly high-profile device wins, such as the Nintendo Wii and the Nintendo DS, and they're strong on other mobile devices, too. They had their own rendering technology until 2013, when they switched to Webkit and, when Google forked away from Apple and KDE into the Blink project, followed Google.

View Full Size

Recently, a group of Chinese companies have announced that they will be purchasing a large chunk of the browser vendor for $600 million USD. Interestingly, this was after offering $1.2 billion just a few months earlier. This time, the Chinese group will receive less of the company, and thus will pay less for it. The original company, which will have 18 months to find a new name, will maintain ownership of three parts:

  • Opera Mediaworks
  • Opera Apps & Games (including Bemobi)
  • Opera TV

According to Engadget, the original, $1.2 billion dollar deal was canceled when some government organization disapproved of the deal. Looking at the three components that were omit, I cannot see why a regulation body would raise an issue, whether it be for national security or monopoly reasons. They seem pretty innocuous and small, but I guess the EU might take issue with consumer data privacy?

Either way, these three elements will remain, but everything else will go.

Video News

July 19, 2016 | 03:01 AM - Posted by JohnGR

Maybe the official looking at the original offer was more of a relative to a high rank politician, than a true expert. Probably that's why didn't liked the first offer and settled for half.

- I want to buy your car for $1000
- I like those tires. Can't sell you the car.
- I am giving you $500 for the car. You can keep the tires.
- It's a deal.

July 19, 2016 | 08:18 PM - Posted by Anonymous (not verified)

Time to find another browser...

July 20, 2016 | 01:09 AM - Posted by Hakuren

Opera 12.18 FTW! Let they shove that googlium clone where light doesn't reach.

July 20, 2016 | 12:50 PM - Posted by Martin Burke (not verified)

Opera Max tunnel your data to China for a look. Meh, no thanks.

July 20, 2016 | 03:14 PM - Posted by zehoo (not verified)

Such a pity, I liked Opera. Guess I should try out Vivaldi or shift back to Firefox.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote><p><br>
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

This question is for testing whether you are a human visitor and to prevent automated spam submissions.