Opera Software confirms that it has seen more takeover interest recently, could be priced at NOK 80-90 per share
Opera Software, the Norwegian IT company, has seen more takeover interest over the last few months than earlier, according to Dagens Naeringsliv.
The Norwegian business daily cited Chairman Sverre Munck, who said that the company has been approached earlier, but that interest has been stronger lately. Several companies are either interested in parts or all of Opera, he said. He pointed to user base, technology, the company's relationship with operators as well as its US market share as areas of interest.
Meanwhile, a Fondsfinans analyst said that Opera may be worth a takeover price of around NOK 80-90 (EUR 8.76-9.86) per share and she pointed to Cheeta Mobile, Baidu and Microsoft as possible bidders.
A Carnegie analyst said that Opera's status as an all-round supplier means that it may see more interest from larger bidders. He also said that Opera's management has said earlier that it does not wish to break the company up.
The item noted that American companies Twitter, Yahoo, Google, Facebook, Microsoft as well as Chinese players such as Baidu, Tencent, Cheetah Mobile and Alibaba are seen as possible bidders by various analysts.
Dagens Naeringsliv
