Opera and 360 agree on share repurchase, subject to 360's shareholder approval
OSLO, Norway, Sept. 23, 2022 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA) ("Opera"), one of the world's major browser developers and a leading internet consumer brand, today announced that it has entered into an agreement with its pre-IPO shareholder Qifei International Development Co. Ltd., a wholly owned subsidiary of 360 Security Technology Inc. (601360:CH) (hereinafter, "360") to acquire 360's entire shareholding in Opera for
360 currently holds a
The potential transaction is subject to the approval of 360's shareholders at a shareholder meeting scheduled for October 10, 2022. The transaction is expected to close within 10 business days of shareholder approval.
About Opera
Opera is a global web innovator. Opera's browsers, gaming, Web3 and news products are the trusted choice of hundreds of millions of users worldwide. Opera is headquartered in Oslo, Norway and listed on the NASDAQ stock exchange (OPRA). Download the Opera browser from www.opera.com.
Learn more about Opera at investor.opera.com or on Twitter @InvestorOpera.
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SOURCE Opera Limited