Chinese offer US$1.23bil for Norway’s Opera


OSLO: A group of Chinese firms have made a cash offer for Norwegian mobile phone Internet browser and advertising company Opera Software, valuing the 20-year-old company at 10.5 billion crowns, or US$1.23bil, the firm said.

The buyers, which include New-York listed Qihoo 360 and Shenzen-listed Beijing Kunlun Tech, made an offer of 71 Norwegian crowns (US$8.29) per share, a 45.6% premium on the share price on Friday.

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Business , internet , Opera , China

   

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