Chinese Consortium offers $1.2 Billion for Opera

Various tech sites are reporting that a Chinese Consortium have offered a massive amount of money for the browser Opera - the offer has been reported to be 1.2 billion.

Gizmodo has suggested that the numbers being toted is bizarre given that Opera (in their words) is an unpopular browser and the offer is (based on current stock prices) 53% more than it's worth. While Re/Code has reported that Opera CEO has requested that shareholders in the Norwegian based company accept the offer outright suggested it would strengthen Opera and provide it with the boost that's needed to get Opera used by more users

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.

While in terms of desktop numbers Opera doesn't seem like the most appealing purchase in the world, more so for the money being offered, Opera mini does have a massive user base in several countries although the figure does seem to be incredibly high for whats probably the 4th or 5th most popular browser

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