How much would you make up for an unpopular web browser app ? If you were a chemical group of Chinese society you ’d in all probability think somewhere in the region of , oooh , $ 1.2 billion ought to do it .
TheFinancial Times reportsthat the Norwegian web browser company has find an crack of $ 1.2 billion for its takeover . The possible deal is being top by Kunlun Tech ( a play company ) and Qihoo 360 ( which make anti - virus and web browser software ) . The bid ’s supported by two investiture firms , too .
The offer seems a little high . In fact , compared to its stock prices before rumors of the wad began to swirl , the offer seems to overvalue Opera by an telling 53 pct . Perhaps unsurprisingly , Re / code reportsthat Opera ’s board is “ nem con recommending shareholder [ to ] approve the takeover , ” with its chief operating officer explaining :
There is strong strategical and industrial system of logic to the accomplishment of Opera by the Consortium . We conceive that the Consortium , with its breadth of expertise and firm market position in emerging food market , will be a unattackable owner of Opera . The Consortium ’s ownership will fortify Opera ’s spatial relation to suffice our users and mate with even slap-up innovation , and to speed our plans of expansion and ontogeny .
No poop .
[ FT , Re / computer code ]
mental image byAlexander Supertramp / Shutterstock.com
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