A leading Internet platform company in China has purchased Opera web browser – the fifth largest web browser, which was primarily created for smartphones and feature phones.
Qihoo 360, a company famous for antivirus software (360 Safeguard) and Mobile Application Store (1Mobile Market), has purchased Opera for $600 million. It has 496 million users for its Internet Security products and 641 million users for its Mobile Antivirus apps.
Opera Software reportedly tried to sell its Opera web browser to Qihoo 360 for $1.2 billion in February, this year, but that deal was not completed. Now, the company has sold its browser, which has ten percent of the mobile market for $600 million.
The sale includes the name “Opera”, Opera browser, Opera Mini, Opera’s privacy apps, Opera’s tech licensing (except Opera TV ecosystem). The Opera Apps & Games and Opera TV are not part of the sale.
Opera currently has 1,109 employees whose future is at stake. It is not yet announced what will happen to them. 560 workers are employed in Opera Apps & Games and Opera Tv. Opera now has to decide a new name for its company in 18 months.
The Norwegian company, which has currently 350 million users, earns more revenue from its TV and App Store than from its web browser. The company officials announced that they are happy to sell the internet browser at a fair price of $600 million.