Tag: Opera

$40m of Opera ’s $100m investment in Africa to go Nigeria

$40m of Opera ’s $100m investment in Africa to go Nigeria

Internet, Mobile
Opera Mini management is  set to invest $100 million in Africa over the next two years to facilitate the growth of African digital economy. According to the World Economic Forum, connectivity still trails behind the world at 21%, compared to 43% achieved elsewhere.  Hence, the majority of Africans still lack the basic skills that can enable them to take part in the digital economy. Hence the immediate need to provide all citizens with access to online tools and content for learning and doing business. Surprisingly, Nigeria is expected to get between $30 million and $40 million of the investment within the period. The impact of this investment would be seen in the rise of Internet adoption in Nigeria and other part of Africa and it is expected to strengthen the continent’s online ecosyste

Opera to sell part of browser business to Chinese Tech Consortium for $600 million

Business, Mobile
Norwegian company Opera Software, makers of the well-known alternative web browser Opera, has reached an agreement to sell the mobile and desktop browser portion of its business to a Chinese consortium of technology companies for an estimated $600 million, after a previous $1.2 billion deal fell through the cracks. The company announced that an offer to acquire the company for $1.2 billion has now been terminated, and in the meantime, the deal has been renegotiated: the same group will now pay $600 million to acquire only certain parts of Opera’s business. Opera will sell the Qihoo 360-led consortium its mobile and desktop browser operations, its performance and privacy apps, its tech licensing not including Opera TV; and Opera’s 29 percent stake in Chinese JV nHorizon. However, the