After a US$1.24 billion takeover of Norwegian online browser firm Opera Software failed to obtain regulatory approval on time, a Chinese buyer consortium has agreed to take over Opera's core consumer business for US$600 million.
The buyer group, led by private-equity firm Golden Brick Capital Management Ltd., now plans to acquire Opera’s browser business, the performance and privacy apps, technology licensing and its stake in Chinese joint venture, nHorizon.
The buyer consortium, which also include Qihoo 360 Technology, Beijing Kunlun Tech, and Yonglian Investment Co., says the new deal structure will greatly accelerate the acquisition process, as the original deal failed over U.S. regulator's concerns over users privacy.
Golden Brick Capital, headquartered in Hong Kong with offices in Beijing, Shenzhen, Zhuhai and Moscow, manages...
This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network