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Opera’s Chinese buyout falls through, cheaper deal in place

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Danny Duck
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Instead of getting $1.2 billion, Opera will have to settle for just half of that.

That is the new deal that the once extremely popular mobile web browser maker and a consortium of Chinese Internet firms have reached after the original, more lucrative offer didn't get approved in time.

The new deal also involves only selling parts of Opera's overall business, but it will naturally be the most significant parts, and the very parts that could cause some concern from privacy advocates and some governments.

Opera was really just the victim of rotten luck, or so it seems.

The original deal, which was put in place early this year, was well accepted by Opera's board of directors and seemed good to go.

Neither have actually given a thumbs down, at least not yet.

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