The company said that it had “for some time been in discussions to divest its TV business, in order for the TV business to achieve its full potential under a different ownership structure”, but that “no agreement has yet been made nor is certain to be made”.
Opera said that sale was part of a broader strategic review.
The announcement came as Brick Silk Road (Shenzhen) Equity Investment Fund II launched a cash offer for 100% of Opera’s shares following the agreement between the pair in February.
The Chinese group’s offer represents a premium of about 53% on Opera’s share price as of February 5. The offer was unanimously recommended by Opera’s board, with owners of about a third of the company’s shares undertaking to accept ahead of the offer being launched.
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