Opera gets sold

Opera (makes of the Opera web browser and other internet properties) have approved a $1.2 billion dollar offer to sell their company. Opera has been taking a bit of a kicking lately and have been rumored to have been looking for a buyer since late 2015. The price tag represents a 53% premium on the current Opera stock prices so there must be something there that would entice a buyer to pay big dollars. Looks like this isn't the last we've seen of Opera and it should be interesting to see how the new buyers handle the properties they've just acquired. ZDNet has the full story.

Opera has received a $1.2 billion buyout offer from a consortium of Chinese Internet firms, the company announced on Wednesday.

The consortium includes Kunlun and Qihoo 360 and is backed by the investment funds Golden Brick and Yonglian.

Opera's board recommends the deal.

The $1.2 billion offer is a 53 percent premium on Opera's close as of February 4 on the Oslo stock exchange. Trading of the company has been suspended for two days following buyout rumors.