A consortium of Chinese companies are buying over Opera for $600 million (about RM2.4 million). This comes after an earlier deal for $1.2 billion (about RM4.8 billion) fell through. Once the deal is complete, Opera will be surrendering its browser business, privacy and performance apps, tech licensing, and its name.
The Chinese consortium comprises Kunlun Tech Limited, Future Holding L.P., Keeneyes Future Holding Inc, Qifei International Development Co. Limited and Golden Brick Capital Private Equity Fund I L.P.Beijing Kunlun Tech Co. Ltd., Qihoo 360 Software (Beijing) Co. Ltd., and Golden Brick Silk Road Fund Management (Shenzhen) LLP.
Opera will be keeping the leftover parts of the business, namely its consumer arm, apps and gaming, and Opera TV. The remaining parts will have to begin operating under a new name once the deal is completed, and there are no indications of what Opera is working on in that regard.
The fate of the employees working on the parts of Opera being sold is also uncertain. Some 1,109 people are set to be affected by the buyout.
[Source: Newsweb]
