Today's Hard|Forum Post
Today's Hard|Forum Post

Monday July 18, 2016

Opera Renegotiates $1.2B Sale Down To $600M For Its Browsers

Is Opera worth $1.2B? Apparently not, as their buyer decided they would only shell out $600M. Sold are 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. The remaining company has 18 months to find a new name and trademark.

The company announced that an offer to acquire the company for $1.2 billion has now been terminated, and in the meantime, 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.

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