According to sources speaking to Adweek, mobile gargantuan Opera Software is up for sale and the Chinese are interested in buying.
“A consortium of Chinese Internet-focused investors—Golden Brick Silk Road, Kunlun and Qihoo 360—have put in an offer to buy mobile software and advertising player Opera,” this week’s report notes.
The value of the deal? An estimated $1.2 billion.
According to the same report, Opera’s board of directors is already seeking investor approval of the offer.
“There is strong strategic and industrial logic to the acquisition of Opera by the consortium,” said Opera’s CEO Lars Boilesen in a statement obtained by Adweek. “We believe that the consortium, with its breadth of expertise and strong market position in emerging markets, will be a strong owner of Opera. The consortium’s ownership will strengthen Opera’s position to serve our users and partners with even greater innovation, and to accelerate our plans of expansion and growth.”