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Opera Gets $1.2 Billion Buyout Offer From Chinese Consortium

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Opera confirmed Tuesday night it has received an acquisition offer from a consortium of Chinese Internet companies that values the browser maker at $1.2 billion.

The offer, from Kunlun and Qihoo 360, backed by the investment funds Golden Brick and Yonglian, values Opera at about 10.4 billion Norwegian Kroner, a premium of 53 percent above where it was trading prior to speculation of a buyout bid.


Opera’s board is unanimously recommending shareholders approve the takeover.

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