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Opera cancels full takeover, sells some consumer ops
2016-07-18 09:09:00| Telecompaper Headlines
(Telecompaper) Opera has canceled its full takeover by a Chinese consortium after transaction conditions were not met by the deadline of 15 July. Opera has, however, approved an alternative transaction, for EUR 600 million: the sale of some of its consumer business and namely, its mobile browser, including its Operator Co-brand systems, its desktop browser, performance and privacy apps, Opera's technology license business outside of Opera TV, and Opera's 29.09 percent stake in Chinese joint venture nHorizon. The purchase price is subject to customary adjustments for NIBD and working capital at closing.
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Category:Telecommunications