Half bread better than none? Opera agrees $600m acquisition deal

Just some few days ago, you will remember that a deal for the acquisition of Opera by a group of Chinese companies hit the dead end. But the chapter of acquisition is not entirely shut for Opera as the Norwegian company has arrived at an agreement to sell its desktop and mobile portion of its business to a group of Chinese companies at an estimated $600 million. With the structure of this purchase, Opera is expected to still keep hold of its advertising business in a directed push to steer away from long regulatory holdup.

Half bread better than none?  Opera agrees $600m acquisition deal

The chief investor among negotiating the acquisition is Kunlun Tech Co., a rotund Beijing-based company famously responsible for running the Brothersoft desktop app store as well as 1Mobile Android app market. Alongside Kunlun Tech Co., another company pushing for the acquisition is Qihoo 360, whose business is no much different from Kunlun’s with most of Qihoo’s efforts having emphasis on their 360 series of anti-virus products as well as the ads they are able to sell via this medium.

Beyond the Opera browsers for desktop and mobile platforms, Opera also put up for sale its performance and privacy technology, including the list of licenses whose ownership Opera boasts. But one feature which is excluded from the purposeful acquisition is Opera’s advertising arm with a whooping worth of an estimated $600 million itself. Just as we had reported, the last supposed arrangement which involved every arm of Opera, was for $1.2 billion.

Still, we can’t say this deal is baked and ready yet, approval is still one thing not yet clinched so it is fair to say the deal is not very official at the moment, even in face of the solid agreement.

He's an Associate at JustNaira. He loves to write about technology, business,sport and life, mixed with some randomness of what he would like to share. He's favorite activity is pretending that he can sing.

Share this on:Share on Facebook4Tweet about this on TwitterShare on Google+1Pin on Pinterest0Share on StumbleUpon0Digg this

Tell us what you're thinking...

All comments are moderated.

* Denotes required field.