Opera Cuts Its Outlook, Looks For A Buyer

By | August 10, 2015

Opera Cuts Its Outlook, Looks For A Buyer

For the second time in six months, Opera has cut its performance targets by 5-20% (blaming mobile sector) although is still expected to grow its revenues by around 45% year over year to $146 million

However, that is not all, following the lower guidance, Opera’s board has also expressed interested in selling the company, in a special statement it was announced that the “Board of Directors, in response to strategic interest in the Company from a number of parties, has initiated a process to evaluate and consider strategic alternatives for the Company, with the objective of further enhancing shareholder value” and that Opera Software has already selected both ABG Sundal Collier and Morgan Stanley International as its advisors.

On a separate note, it has also acquired Bemobi, a Netflix like subscription service for mobile app and games discovery (in Latin America) for up to $139.5 million with $29.5 million paid in cash with the rest linked to Bemobi’s future financial performance.

So here you have it folks, who’s going to buy it? Samsung?

[Via: Reuters]

About (Author Profile)

Vygantas is a former web designer whose projects are used by companies such as AMD, NVIDIA and departed Westood Studios. Being passionate about software, Vygantas began his journalism career back in 2007 when he founded FavBrowser.com. Having said that, he is also an adrenaline junkie who enjoys good books, fitness activities and Forex trading.

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