Chinese investors bid $1.2B for Norwegian tech firm Opera

February 10, 2016

Opera Software, a Norwegian company behind one of the world's most popular browsers, says Chinese investors have made a $1.2 billion takeover offer, causing its stock to jump more than 30 percent.

Opera says its board has unanimously recommended that shareholders approve the deal by the Golden Brick Silk Road investment fund and other Chinese investors.

A company statement Wednesday said shareholders representing some 33 percent of Opera shares have committed to accepting the offer.

Opera, which began in 1991 as a at Norway's largest telecoms company, Telenor, later became Opera Software. It developed the Opera browser, now among the top six global browsers with some 350 million users.

Opera Software shares shot up 36 percent to 66.90 kroner in early afternoon trading in Oslo.

Explore further: Opera Software announces iPhone browser

Related Stories

Opera Software announces iPhone browser

February 10, 2010

(AP) -- Opera Software ASA announced Wednesday that it will unveil an iPhone version of its Opera Mini mobile phone browser at an international tech conference next week despite not having approached iPhone maker Apple about ...

Opera plans transition to WebKit engine

February 13, 2013

(Phys.org)—Opera will ditch its web browser rendering engine called Presto and instead will switch over to WebKit in a planned 2013 phase-out. The decision was announced this week. WebKit is the rendering engine used in ...

Microsoft rival: browser downloads double

March 18, 2010

(AP) -- Norway's Opera said Thursday that downloads of its browser more than doubled after Microsoft Corp. was forced to give European users a choice of Web software to settle European Union antitrust charges.

New Opera technology allows simple content sharing

June 16, 2009

(AP) -- Norway's Opera Software ASA on Tuesday launched a new feature for its Internet browser allowing users to share photos, music and files directly with one another, without needing to go through outside services such ...

Recommended for you

Samsung to disable Note 7 phones in recall effort

December 9, 2016

Samsung announced Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.