Opera sells core units to Chinese business for $600 million
by from Techreport on (#1MQVJ)
Opera Software, best known for its desktop and mobile browser, may soon become Chinese instead of Norwegian. The company is inking a $600 million deal with the Chinese Kunqi consortium (which includes Qihoo 360 and Kunlun) for the acquisition of a number of Opera's divisions.
Kunqi is offering the money in exchange for Opera's mobile and desktop browser software, its "performance and privacy apps" division, technology licensing business, and the company's stake in nHorizon. Both companies expect to ink the deal in "late third ...