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Opera Businesses China The Internet

Chinese Consortium's $1.24B Bid To Acquire Opera Software Fails, $600M Deal Agreed Instead (tech.eu) 85

Posted by msmash from the something-better-than-nothing dept.
The $1.24 billion takeover of Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday. The deal did not receive the required regulatory approval in time of a final deadline. But they will be doing some business. The consortium will now acquire only certain parts of Opera's consumer business, including its mobile and desktop browsers, for $600 million on an enterprise value basis. Tech.eu reports: What will not be acquired by the consortium is: Opera Mediaworks, Apps & Games and Opera TV. In 2015, Opera says these business units combined delivered revenues of $467 million. The company will report second-quarter results on August 31, 2016.
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Chinese Consortium's $1.24B Bid To Acquire Opera Software Fails, $600M Deal Agreed Instead More

Chinese Consortium's $1.24B Bid To Acquire Opera Software Fails, $600M Deal Agreed Instead

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  • Another reason not to use it.

    • Sadly, I agree. I'd already jumped ship to Vivaldi when it first came out early last year, but have given it up recently for stability and profile-syncing reason...but I didn't go back to Opera, I'm on FF for now, only until Vivaldi matures a bit more. The news about being bought by a Chinese consortium did it for me -__-

      • I loaded Opera Mini on a Jellybean device, and tested it against the best-known SSL/TLS Scanner [ssllabs.com].

        Initial tests passed with flying colors, and indicated that I was using the "Presto" rendering engine, which routes traffic through Opera's server farm for compression.

        However, after I reduced the "data savings" parameter in settings from "extreme" to "high," Opera Mini then FAILS with flying colors, because it's using the Jellybean Webkit directly (that lacks TLS1.2, bundles bad ciphers, etc.).

        This is deceptive.

        • routes traffic through Opera's server farm for compression.

          That doesn't bother you?

          • Re: (Score:2)

            by emil ( 695 )

            That doesn't bother you?

            I was actually testing several dozen Android browsers for a project. No, I'd never use a browser engaging in this (Amazon).

  • Great browser spoiled? (Score:3)

    by hydrofix ( 1253498 ) on Monday July 18, 2016 @10:50AM (#52533595)
    Too bad. I only recently discovered Opera on Android, and have been using it ever since because it has an in-built ad-blocker. Google will probably never deliver an ad-blocker to Chrome for Android because Google is an advertising company and it would be about shooting themselves in the foot. But I will any day choose a bit slower and more annoying browsing experience over installing Chinese spyware on my phone. So long, Opera.
  • Opera on Android was a nice product. But there is no way I'm going to install a Chinese browser on my smartphone.
    • Comment removed based on user account deletion

      • Opera always had its share of compatibility problems with sites, anyway....

        In my usage, on Android, Opera worked very well, and was cleaner and easier to use (far better UI) than Firefox on Android.

    • Wouldn't you rather have your data extracted by an uninterested foreign country, than your own government which is quite likely to use it against you? Man, for the days before Obama when people could assume the US government was generally on their side.

      • ... an uninterested foreign country...

        I disagree with that premise.

        • Well then, how about this? As a US citizen, if I had to choose between being spied on by China and being spied on by the US, I'd prefer it be China. China has little power to harm me directly, where the US has immense power to do so.

          Of course, it's a false dichotomy, as we can be sure that we're being spied on by both.

      • Re: (Score:2)

        by bulled ( 956533 )

        Man, for the days before Obama when people could assume the US government was generally on their side.

        I don't know if anyone actually believes that this changed with Obama... The US government was actively against its citizens long before 2008.

      • Re: (Score:3)

        by TroII ( 4484479 )

        Man, for the days before Obama when people could assume the US government was generally on their side

        Yeah, 'cause George W Bush and the USA PATRIOT Act really gave me a warm fuzzy feeling about the government...

      • Re: (Score:1)

        by Desler ( 1608317 )

        The Chinese are a disinterested party? That's a great joke.

  • because of this article. Thanks for the heads up /.

  • Opera actually had a side to their business that wasn't a browser (that frankly went down the tubes years ago)?

    • When Opera ASA switched their desktop browser's rendering engine to Blink in 2012 - they were an Ads & Services company. 600M seems highly overpriced if all the consortium is getting is Opera's Blink based Android|Mac|Windows|Linux browser.

      If and when Firefox completes its addon|extension overhaul to be "Chrome-compatible", it's quite possible we wont even have a single browser that allows the end-user to be in control.

      Opera 12 (maybe even all the way back to version 7 or 8) has UserScript that can com

  • I just started using their free VPN app on my phone, now I have real second thoughts about that...

  • Thanks for the warning.

    Don't ask yourself if you are paranoid.
    Ask yourself if you are paranoid enough.

    • Re: (Score:2)

      by Megol ( 3135005 )

      I hope you don't connect to websites located in the US or allow data transfers over US, GB, Canadian, Australian or New Zealand networks.

      PS don't drink the water - protect your precious body fluids!

  • ...i honestly couldn't care less. This is just another nail in the coffin; good riddance.

    Opera died when, for some unfathomable reason, they decided to rewrite their browser as a Chromium skin. The original Opera browser was a fantastic product.

    Nowadays i use Chromium myself while i eagerly wait for the first stable release of Vivaldi.

    • I agree. I strongly dislike the Chromium UI, and have been getting increasingly dismayed at the number of browsers that have decided to become a clone of it.

  • I have been using Opera since it came out in the 90's. I'm totally going to miss using Speeddial. Nothing I've seen in other browsers match it. For those of you who think Opera sucks, Opera was the root of innovation for many features you see in other browsers. Name it.. tabs? Yup,

    • I think you missed the part where some number of the old opera guys started a new browser called Vivaldi. Opera wasn't really the same opera since a little while. It's not that surprising they're selling it I guess.

      Vivaldi was still pretty "beta" until recently but now it's getting pretty stable and include a lot of must have feature from old opera. Vivaldi is pretty much the replacement for old opera, not the browser being sold. It already has a lot, if not most, features from old opera (including speed di

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