Chinese conglomerate snaps up Opera’s web browser for $600m

Norwegian company Opera has sold its internet business to a Chinese conglomerate headed by Qihoo 360.
Having previously had a $1.2bn sale of the entire company to the group blocked by regulators, Opera has sold on a quarter of its business leaving Opera Mediaworks, Opera Apps & Games and Opera TV.
The Chinese group has acquired the Opera branding and trademark leaving the remaining Norwegian entity 18 months to find a new name.
Lars Boilesen, chief executive of Opera, said: “