Chinese Tech Group Led By Qihoo 360 Bids $1.2B For Browser Maker Opera

Chinese Tech Group Led By Qihoo 360 Bids $1.2B For Browser Maker Opera - There's been a lot of hypothesis around the fate of program creator Opera, and now that seems as though it will soon be determined. Today the Norway-headquartered organization affirmed that it has gotten a $1.2 billion procurement offer from a gathering fronted by Chinese shopper tech organizations Kunlun Tech and Qihoo 360.



The arrangement is for 100 percent of the organization, and it exhibits a 53 percent premium on the organization's valuation taking into account its latest exchanging cost. Musical drama's board said in an announcement that it has "collectively chose to prescribe" its shareholders to acknowledge the offer.

Concerning the buyers: Security firm Qihoo had been connected with an arrangement for Opera lately, while as of late increased worldwide perceivability when it gobbled up a lion's share 60 percent offer in gay dating administration Grindr.

Musical drama, which guarantees a userbase of 350 million on versatile and desktop gadgets, said a year ago that it was investigating a deal in the wake of missing budgetary targets.