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Opera found a new buyer for its browser business

Nutshell:

Browser-maker Opera has found a buyer for parts of its business after an earlier deal with Chinese buyers fell elapsed due to regulatory issues.  The new deal is worth $600 million.

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An earlier deal had been pegged at $1.2 billion, but issues with regulations meant that parts of the business needed to be stripped out, hence the reduced price. Opera’s non-browser services include B2B and television services.

And while it should be a more straightforward deal on the face of it, approval from regulators is still required, so it’s not signed and sealed just yet.

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