Back in February this year, popular Web browser company Opera received a $1.2B takeover proposal from a Chinese consortium consisting of mobile game developer Kunlun, mobile antivirus software maker Qihoo360 Technology, as well as investment firms Golden Brick and Yonglian. While the bid was approved by the Norwegian company, a Reuters report has now revealed that the acquisition failed after hitting regulatory problems. Officially Opera said that conditions to close the public offer were not met. The deal required approval from both Chinese and US authorities, the report said, and...
Source: http://www.gsmarena.com/chinese_consortiums_12b_opera_acquisition_bid_fails-news-19461.php
