Browser maker Opera has filed to go public

Norway-based company Opera Ltd. has filed for an initial public offering in the U.S. According to its F-1 document, the company plans to raise up to $115 million.
In 2017, Opera generated $128.9 million in operating revenue, which led to a net income of $6.1 million.
While many people are already familiar with the web browser Opera, the company itself has had a tumultuous history. Opera shareholders separated the company into two different entities — the browser maker and the adtech operations.
The advertising company is now called Otello. And a consortium of Chinese companies acquired the web browser, the consumer products and the Opera brand. That second part is the one that is going public in the U.S.
Opera currently manages a web browser for desktop computers and a handful of web browsers for mobile phones. On Android, you can download Opera, Opera Mini and Opera Touch. On iOS, you’ll only find Opera Mini.


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Opera sync servers hacked, usernames and passwords at risk

Opera Software is advising all users of the sync feature of its Opera browser to change their passwords following a security breach. Details are a little scant at the moment, but the company says that servers were breached earlier in the week and user data may have been compromised. Opera Sync is used to synchronize user data between different computers but it is apparently used by under “0.5% of the total Opera user base”. However, with a user base of 350 million this means that upwards of 1.7 million people could be affected. Coming shortly after advice from Dropbox to… [Continue Reading]


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Opera brings its free VPN service to Android

 Earlier this year, Opera launched its free and unlimited VPN service for iOS; today it is bringing the same functionality to Android. Like the iOS version, the Android app is based on Opera’s acquisition of SurfEasy in 2015 and allows you to surf safely when you are on a public network. While Opera’s marketing mostly focuses on safety, Opera VPN also allows you to appear as if you… Read More


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Chinese Consortium’s $1.24B Bid To Acquire Opera Software Fails, $600M Deal Agreed Instead

The $1.24 billion takeover of Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday. The deal did not receive the required regulatory approval in time of a final deadline. But they will be doing some business. The consortium will now acquire only certain parts of Opera’s consumer business, including its mobile and desktop browsers, for $600 million on an enterprise value basis. Tech.eu reports: What will not be acquired by the consortium is: Opera Mediaworks, Apps & Games and Opera TV. In 2015, Opera says these business units combined delivered revenues of $467 million. The company will report second-quarter results on August 31, 2016.

Read more of this story at Slashdot.


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Opera falls into Chinese hands

Key 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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Stop Opera’s New VPN from Leaking Your IP Address

Last week, Opera added a VPN to the dev version of its browser
, which was certainly good news. The bad news is that unlike the more robust VPNs it tries to replace, it leaks data that should be encrypted all over the place, namely your private IP address. Here’s how to fix it.

Read more…


Original URL: http://feeds.gawker.com/~r/lifehacker/full/~3/ZUsfbU_pYMk/stop-opera-s-new-vpn-from-leaking-your-ip-address-1773359437

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Opera Introduces a Free VPN, Built Right Into Its Web Browser

Windows/Mac/Linux: Opera users just got a free, unlimited VPN you can use to encrypt your data or get around location-based restrictions
on content. It’s currently in the dev version of Opera, but turning it on is as easy as flipping a switch.

Read more…


Original URL: http://feeds.gawker.com/~r/lifehacker/full/~3/DS5kBgblVjQ/opera-introduces-a-free-vpn-built-right-into-its-web-b-1772265403

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