Chinese extend offer to buy Opera Software to $1.23 billion cash

Written by on April 14, 2016 in News with 0 Comments

Opera OOSLO (Reuters) – A group of Chinese internet firms who made a cash offer in February for Norwegian mobile phone browser Opera Software, valuing it at $1.23 billion, have extended the offer as it had not reached the required level of acceptances.

The group said on Thursday it had received acceptances representing 72.19 percent of shares in Opera Software, below the required level of more than 90 percent. The offer is now extended to May 24, it said.

The buyers include U.S.-listed web search and security firm Qihoo 360 and Beijing Kunlun Tech, a distributor of online and mobile games.

(Reporting by Gwladys Fouche, editing by Camilla Knudsen)

Tags: ,

About the Author

About the Author: Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on, video, mobile, and interactive television platforms. .


If you enjoyed this article, subscribe now to receive more just like it.

Subscribe via RSS Feed

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: