I’ve had a few tweets, DMs and emails asking about the proposed buy-out of Opera by a Chinese consortium. Here are some answers to your questions (none of this is new; it’s publicly available in Lars’ statements to the press and Opera’s consumer blogs, but I know that many of you are techies who won’t necessarily read those). I apologise for not getting back to you earlier; the news broke on my last day of a press tour of India and I only got back yesterday.
Firstly, it’s not a done deal. An offer has been made, and Opera’s board has recommended that shareholders accept it. But shareholders need to vote and governments need to be consulted.
If the deal goes through, the shareholders change (because current shareholders would sell their shares to the Chinese consortium) but, as Nuno Sitima (Opera’s Lord of Mobile Stuff) wrote,
the people behind Opera remain the same. The same teams will be developing and delivering the [products].
Many of you asked why we’re doing this. It gives Opera access to 500 million Chinese customers of the consortium, and investment to grow bigger. I am not a Biz Guy so I’ll just quote the press release:
The transaction would give Opera access to the extensive internet user base of Kunlun and Qihoo in China as well as the financing and other support of the Consortium that would allow for the full potential of the Company to be realized.
Lastly, and most importantly, I’ve had Opera customers ask about the security and privacy of their data. The answer is simple, and reassuring (I hope):
Assuming the deal goes through (see first point above), Opera plans to continue operating as a stand-alone company (see Nuno’s quote above). We are a Norwegian company subject to Norwegian (EU/EEA) privacy laws. Our shareholders may change but our legal obligations in this respect will not. All data will continue to be handled in accordance with our Norwegian legal obligations — nothing changes in this respect.
(And, yes, I remain employed; thanks to all of you who asked after me personally and offered me other jobs. But, honestly, despite still looking great in a mankini, my pole-dancing days are behind me.)