Menu
Opera gets acquisition offer from Chinese consortium that includes Qihoo

Opera gets acquisition offer from Chinese consortium that includes Qihoo

The browser developer hopes to get access to the user base of Qihoo and Kunlun

Browser company Opera Software has received an acquisition offer for about US$1.2 billion from a Chinese consortium consisting of Internet companies Beijing Kunlun Tech  and Qihoo 360 Software.

Opera hopes that its products will get a boost from the user base in China of Qihoo and Kunlun, which in turn hope to cross-sell their products and services to the Opera user base, and take advantage of Opera's mobile advertising platform.

Kunlun, which acquired in January a majority stake in dating site Grindr, is focused on mobile gaming development and publishing, besides app distribution, while Qihoo is a provider of Internet and mobile security products.

The other prospective buyers include  investment companies like Golden Brick Silk Road (Shenzhen) and Yonglian (Yinchuan).

Opera said in August it had initiated a process "to evaluate and consider strategic alternatives" for the company, a process that was expected to be over in the second half of 2015. In December, it said the review would be completed in time for it to announce its earning for the full year 2015. On Wednesday, the company also announced its financial results.

The Oslo, Norway, company claims more than 350 million consumers worldwide. A longstanding player in the browser market, offering accelerated delivery of Web content using compression, Opera could not make it to the big league, particularly in the mobile market where Android and iOS phones dominate.

Its Opera Mini browser had 7.28 percent of the mobile phone and tablet market in January, compared to 41.57 percent for Chrome, 34.12 percent for Safari and 11.13 percent for the Android browser, according to Net Market Share.

The company has also launched apps like Opera Max for compressed download of videos and snaps across apps. It also ventured into Internet advertising through its Mediaworks unit.

The completion of the deal will depend on over 90 percent of the shareholders of Opera accepting the offer, among other conditions.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments