A Chinese Investment offering a huge amount of money to buy Opera for $1.2 billion in cash. Opera Software ASA officially announced today revenues for the 4th quarter of 2015, and on the same day, got a huge offer from Chinese investment fund.
The Chinese investment fund wants to buys 100% shares, but it also needs to be approved by shareholders. Almost 33% shareholders of the Opera have already decided to accept the offer.
According to Lars Boilesen, CEO of Opera said that,
“There is strong strategic and industrial logic to the acquisition of Opera by the Consortium. We believe that the Consortium, with its breadth of expertise and strong market position in emerging markets, will be a strong owner of Opera.”
“The Consortium’s ownership will strengthen Opera’s position to serve our users and partners with even greater innovation, and to accelerate our plans of expansion and growth.”
Opera is willing to accept the offer since it’s been actively looking for a buyer since 2015.