Keys components of Opera Software are to be taken over by a Chinese business consortium. A planned $1.24 billion takeover of the entire operation fell through after failing to gain regulatory approval, but a new deal has been struck in its place. Instead, the consortium -- comprising Qihoo 360 Technology Co, Beijing Kunlun Tech Co and others -- will take over just a portion of Opera Software's consumer business for $600 million. With the desktop and mobile version of the Opera web browser now falling into Chinese hands, there will no doubt be concerns about potential privacy issues based on… [Continue Reading]
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