Opera Sold

[opermo]

opermo last edited by

Otherwise straight to Firefox I go.

Or Slimjet.

[browzer1]

browzer1 last edited by

From Breakingviews.com, ... Norway’s Opera Software is selling parts of its business to a Chinese consortium for $600 million after a full takeover did not get regulatory approval in time. Yet investors are still in the dark about why the deal did not proceed. The proposed partial sale is little consolation.

To be honest, for me personally, if Opera has ANY association with China, then I will drop it like a hot potato.

What was Opera thinking?

[leocg]

leocg Moderator Volunteer last edited by

What was Opera thinking?

This is how business works.

[blackbird71]

blackbird71 last edited by

...
To be honest, for me personally, if Opera has ANY association with China, then I will drop it like a hot potato.
What was Opera thinking?

It's not what Opera was thinking, it's what the majority of stockholders (the real owners) were thinking. Whenever one sells something, their focus is on receiving maximum financial return for the thing being sold. Everything else, in the real world, is secondary. Who buys it and for what purpose are at best secondary considerations. The seller's focus is on his selling value, and what becomes of the sold 'thing' becomes the buyer's problem. Sometimes moral or compassionate factors enter in and elevate secondary factors to primary significance, but that's frankly a rare occurrence. If you can cobble together more money than the Chinese consortium has offered, Opera's board (acting in its stockholders' interests) would most likely sell either the whole operation or the latest pieces to you.

[jackob11]

jackob11 last edited by

Opera Sold. I think it's good. In both PC & Smartphone's market Opera's share is too low. In PC Google Chrome, Mozilla Firefox are the giant & in smartphone UC Browser overcame & beat Opera although it's born after so many days of Opera. And UC is a Chinese browser which is the 2nd most popular browser after chrome. I think Opera needs to change game plan that's why they sold the whole browser sector to Chinese. By the way, I don't trust on Chinese law. Some of their law's are silly & bullshit.

[custdemotest]

custdemotest last edited by

Good to know: searching on bgp.he.net for AS6461 (SkyFire, see http://www.skyfire.com/moving?from=/ ) I found Zayo Bandwidth Inc instead. Very serendipitous...

[leocg]

leocg Moderator Volunteer last edited by

Opera will keep Skyfire and Surfeasy: http://www.newsweb.no/newsweb/search.do?messageId=407334

[custdemotest]

custdemotest last edited by

Yeah, my bad.

[leocg]

leocg Moderator Volunteer last edited by

The transaction has been approved and it's near closing.

http://www.newsweb.no/newsweb/search.do?messageId=412332

[blackbird71]

blackbird71 last edited by

Thanks for the info link, @leocg.

[A Former User]

A Former User last edited by

The transaction has been approved and it's near closing.
http://www.newsweb.no/newsweb/search.do?messageId=412332

Which means what?
Are they selling everything but or just some? "Consumer business"?

[blackbird71]

blackbird71 last edited by

The answer probably rests within this quote from July 2016 ( http://www.fin24.com/Tech/News/opera-web-browser-firm-sold-for-just-600m-20160718) :

The Norwegian company will sell businesses including browsers for mobile devices
and desktops, technology licensing and a stake in a Chinese venture to the same
group that attempted the full takeover... The partial sale means the buyer group
gets the assets that Opera is best known for - browsers that help mobile-phone,
tablet and computer users surf the web faster by using less data.

The 'partial sale' is the one referenced in @leocg 's link several posts above ( http://www.newsweb.no/newsweb/search.do?messageId=407334) and is the current sale version:

On 15 August 2016, Opera and the Consortium signed an amendment to the Agreement
whereby it has been agreed that Opera will retain the Skyfire and SurfEasy
businesses in exchange for a reduction of the previously agreed enterprise value...:

[leocg]

leocg Moderator Volunteer last edited by

And the sale is completed: http://www.newsweb.no/newsweb/search.do?messageId=412755

[A Former User]

A Former User last edited by

Opera will retain the Skyfire and SurfEasy
businesses

What are those two?

[leocg]

leocg Moderator Volunteer last edited by

What are those two?

SurfEasy is the company behind Opera's VPN.

Skyfire is responsible for the technology behind video compression in Opera Mini, Opera for Android, etc.

[blackbird71]

blackbird71 last edited by

And the sale is completed: http://www.newsweb.no/newsweb/search.do?messageId=412755

Once again, @leocg, thanks for the link and the info.

[zalex108]

zalex108 last edited by

Do you have a back up of Opera folder system & profile?

So, maybe it's time to do it...

I don't think Chinese people will do rubbish with Opera but after read some comments would be a good point to take advantage and make a full backup.

"You cannot know the meaning of your life until you are connected to the power that created you". · Shri Mataji Nirmala Devi

[leocg]

leocg Moderator Volunteer last edited by

You should always do backups.

[Deleted User]

Deleted User last edited by

Does anyone know what's going to happen now that the sale is completed?

[leocg]

leocg Moderator Volunteer last edited by

Does anyone know what's going to happen now that the sale is completed?

Opera was divided in two companies: Opera ASA and Opera Software AS.

Opera ASA is the holding responsable for Opera Mediaworks, Bemobi, Skyfire and SurfEasy. Opera Software AS will keep doing Opera's browsers.