Chinese consortium buys Opera browser for $600 mnOpera Browser logo (Photo courtesy of Commons.wikimedia.org)A Chinese consortium has bought the Opera internet browser for $600 million (543 million euros), its Norwegian developer said Monday, after a public share offer for the company failed. Golden Brick Silk Road fund is a Chinese consortium which includes Beijing Kunlun Tech which is specialised in mobile games and cybersecurity specialist Qihoo 360. Opera says its light, quick browser is used by more than 350 million consumers worldwide. The advertising, games and television units generated 77 percent of Opera Software’s $616 million in sales last year. Opera’s shares, which took a beating last week after the company warned the share offer might fail, fell by 15 percent in early trading on the Oslo stock exchange.

Source: Manila Bulletin July 18, 2016 09:45 UTC