Opera gets $1.2 billion buyout offer from Chinese consortium that includes Qihoo 360

Opera gets $1.2 billion buyout offer from Chinese consortium that includes Qihoo 360

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.

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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.

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