Browser maker Opera's board urges sale to Chinese collective for $1.2B
Opera Software's board today recommended that shareholders approve the $1.2 million offer by a group of Chinese companies for the company, the result of a sales exploration since August.
The Norwegian company is best known to consumers as the maker of the Opera browser for personal computers, mobile phones and smartphones. Those parts of Opera Software, however, are minor contributors to the firm's bottom line, which is dependent on its mobile advertising platform.
"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," said Lars Boilesen, Opera's CEO, in a statement Wednesday.
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