Chinese consortium buys Opera browser for $600MOSLO: 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 specialized in mobile games and cyber security specialist Qihoo 360. Opera says its light, quick browser is used by more than 350 million consumers worldwide. The transaction was announced simultaneously with the failure of the $1.2 billion public offer to take over the entire company. Last month it ranked fourth for mobile devices behind Google Chrome, Apple’s Safari and Android Browser, according to data by NetMarketShare, and sixth on desktop computers.

Source: Manila Times July 18, 2016 08:15 UTC