In 2017, after China Qihoo 360 and Kunlun Wanwei acquired Opera Software AS, which owns the browser business of Opera, Opera Mini, and Skyfire and Rocket Optimizer, at a price of US$600 million, Kunlun Wanwei recently announced the adoption of its subsidiary Hong Kong Wanwei acquired approximately 8.47% of Opera Software AS by cash payment, with a total transaction amount of US$80.145 million.
After the completion of this transaction, Kunlun Wanwei will hold a majority stake in Opera Software AS. At the same time, the future revenue results of Opera Software AS will be merged into Kunlun Wanwei's financial report. After further holding Opera, Kunlun Wanwei's business will develop toward more diverse layouts, and at the same time, it will also expand network-related businesses through the Opera browser. The original Opera of
has been renamed as Otello Corporation ASA after splitting and selling the browser business. In addition to separating it from the existing Opera brand, it maintains a variety of online services such as Opera advertising, games, and telecommunications. There is no direct connection to Opera products anymore.
According to data, Opera’s annual revenue in fiscal year 2019 reached 208 million U.S. dollars, of which the default search engine revenue reached 86.16 million U.S. dollars and advertising revenue reached 6,881 U.S. dollars. In addition, as of the end of June this year, Opera’s The Opera News service implemented by its browser platform has reached 205 million monthly active users.
chose to acquire Opera. Kunlun Wanwei mainly hopes to transform into an international network service company. It also hopes to increase the number of monthly active users and expand more business development possibilities through the acquisition of Opera.
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