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Opera Software ASA (OPERA.OL)

OPERA.OL on Oslo Stock Exchange

36.20NOK
24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Opera Software CEO says focus on existing business, not to divest more
Tuesday, 20 Dec 2016 04:02am EST 

Opera Software Asa CEO Lars Boilesen told Reuters on Tuesday: Boilesen said sale of Opera TV came on request from Moore Freres and at a good price [nFWN1EE0WP] . Said focus going forward is to develop existing business, not to divest more . To develop the four remaining business areas is the only strategy the firm have . Nevertheless CEO will not rule out more sales if right offer shows up . A tough market persists for mobile advertising, might take 5-6 months to see improved market [nFWN1EE0WU] . Firm needs to streamline mobile advertising business and take a close look at costs . Sale of consumer business earlier this year took a lot of time an focus and that will change now Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

Opera Software cuts outlook due to softer development in mobile advertising business
Tuesday, 20 Dec 2016 02:25am EST 

Opera Software Asa : Opera software asa: lowering of our expectations follows softer performance in our mobile advertising business . Opera software asa: expects current trading conditions to continue into 1q17, resulting in a relatively soft q1 when compared with 1q16 . Opera software asa: however expects that significant investments we are making in products, in particular SDK, a new core update, artificial intelligence and data science will yield solid revenue growth compared to 2016 . Opera software asa: all of Opera's other businesses - Opera TV, Bemobi, Skyfire and Surfeasy - are performing in line with our 4q16 expectations . Opera Software also announces sale of it's majority stake in its TV business to Moore Freres at an enterprise value of $114.3 mln [nFWN1EE0WP] . Opera Software asa: when carving out Opera TV from overall fy 2016 ranges given for revenue ($570-600 million) and adjusted ebitda ($60-70 million), ranges would have been $540-570 million revenue and $45-55 million adjusted ebitda . Opera now expects to end fy 2016 just below these overall ranges for continued operations . As communicated at our 3Q16 presentation, the mobile advertising business did not exit 3Q16 with the same tailwind as we saw last year. This trend has continued in 4Q16 . Opera software asa: while below our expectations, business is expected to show an overall revenue growth in 2016 of around 15 pct versus 2015.  Full Article

Opera CEO says no plans to make further acquisitions
Monday, 21 Nov 2016 05:52am EST 

Opera Software Chief Executive Lars Boilesen told Reuters on Monday: It's "highly unlikely" the company will make more acquisitions . Will focus on developing Opera's remaining units after the recent sale of consumer business . Is certain that Opera's Skyfire unit will turn profitable in 2017 Further company coverage: [OPERA.OL] (Reporting By Joachim Dagenborg, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Opera Software CEO bought 133,194 shares
Monday, 21 Nov 2016 02:00am EST 

Opera Software Asa : CEO Lars Boilesen purchased 133,194 shares in opera software asa at an average price of nok 52.93 per share on 18.november 2016 . Petter Lade purchased 40,000 shares in opera software asa at an average price of nok 52.94 per share . Sverre Munck purchased 10,000 shares in opera software asa at an average price of nok 51.88 . Frode Jacobsen purchased 10,000 shares in opera software asa at an average price of nok 51.60 . Andreas Thome purchased 30,000 shares in opera software asa at an average price of nok 52.96 . Audun Iversen purchased 10,000 shares in opera software asa at an average price of nok 52.75 .Jason Hoida purchased 4,352 shares in opera software asa at an average price of nok 51,25.  Full Article

Opera Software says to postpone Q3 earnings report to Nov 10
Monday, 3 Oct 2016 02:15am EDT 

Opera Software Asa : Says regarding the share purchase agreement entered into on 17 July between Opera Software and Golden Brick Capital Private Equity Fund, on the sale and purchase of Opera's consumer business: . Regulatory review by CFIUS is still ongoing . Parties agree that required part of reorganization that is to take place prior to closing was completed by september 30 . Third prepayment of usd 275 million is due and payable to escrow . Prepayment will be paid in tranches during month of october . Once full third prepayment has been made, amount held in escrow will be equal to full enterprise value of transaction . Closing of transaction will take place once cfius has concluded its review .Opera is moving date for 3q16 reporting from 26 october 2016 to 10 november 2016.  Full Article

Opera Software Q2 EBITDA as expected, keeps 2016 guidance
Wednesday, 31 Aug 2016 01:15am EDT 

: Opera Software q2 revenues $162.9 million (Reuters poll $169 million) and vs $146.2 mln in q2 2015 . Opera Software q2 adjusted ebitda $20.3 million (Reuters poll $20 million) and vs $29.5 mln in Q2 2015 . Opera Software sees 2016 adjusted EBITDA at $100-125‍​ million (Reuters poll $101 million) and versus guidance of $100-125 million in q1 report . Opera software sees 2016 revenues at $690-$740 million (Reuters poll $721 million) and versus guidance of $690-740 million in q1 report . Excluding consumer business, adjusted ebitda for the company's full fiscal year 2016 is projected to be in the range of $75m to $90m . Opera Software - excluding consumer business, revenue for the company's full fiscal year 2016 is projected to be in the range of $570m to $605m file:///C:/Users/u8018554/Downloads/2Q16_Press_release.pdf Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

BRIEF-Opera Software Q2 EBITDA as expected, keeps 2016 guidance
Wednesday, 31 Aug 2016 01:00am EDT 

: Opera Software q2 revenues $162.9 million (Reuters poll $169 million) and vs $146.2 mln in q2 2015 . Opera Software q2 adjusted ebitda $20.3 million (Reuters poll $20 million) and vs $29.5 mln in Q2 2015 . Opera Software sees 2016 adjusted EBITDA at $100-125‍​ million (Reuters poll $101 million) and versus guidance of $100-125 million in q1 report . Opera software sees 2016 revenues at $690-$740 million (Reuters poll $721 million) and versus guidance of $690-740 million in q1 report . Excluding consumer business, adjusted ebitda for the company's full fiscal year 2016 is projected to be in the range of $75m to $90m . Opera Software - excluding consumer business, revenue for the company's full fiscal year 2016 is projected to be in the range of $570m to $605m file:///C:/Users/u8018554/Downloads/2Q16_Press_release.pdf Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)) Keywords: (REPEAT).  Full Article

Opera Software deal yet to receive regulatory approval, shares plunge
Tuesday, 12 Jul 2016 03:18am EDT 

Opera Software says: Condition to offer set out in section 4.3 c. of offer document (consent of governmental authority) has not yet been satisfied . Based on information available, offeror is uncertain whether this condition will be satisfied prior to drop dead date of offer, which is July 15, 2016. . On this background, offeror has been discussing with Opera in order to explore alternative options available and will update market in due course. . The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ> .Shares in opera software down 10.7 percent after announcement.  Full Article

Opera Software: Final acceptance rate for takeover bid at 91.4 pct
Friday, 27 May 2016 03:13am EDT 

Opera Software : The final results show that the Offeror has received acceptances for a total of 133,978,843 shares since the commencement of the offer period, representing 91.4% of all the issued shares of the Company . The Offeror accordingly holds right to 133,978,843 shares in the Company, representing 91.4% of all the issued shares of the Company and 91.6% of the votes in the Company . The bidders had needed more than 90 percent by a May 24 deadline .The consortium behind the takeover bid is made up of Qihoo 360 Technology Co Ltd , Beijing Kunlun Tech Co <300418.SZ>, Golden Brick Silk Road (Shenzhen) Equity Investment Fund and its Yonglian Investment affiliate.  Full Article

Opera Software buyers confirm shareholders accept takeover bid
Wednesday, 25 May 2016 02:39am EDT 

Opera Software : The consortium behind the bid says the preliminary result, which is subject to confirmation and may be adjusted, is that offeror has received acceptances of offer for 90.6 pct of outstanding share capital and 90.9 pct of votes in company . The final result will be published as soon as it is available . Preliminary result of offer indicates that minimum acceptance of offer document has been met . To move on with the deal, the buyers had required more than 90 percent acceptance before the May 24 deadline .The offer still depends on approval from U.S. and Chinese authorities however.  Full Article

More From Around the Web

Opera Software to develop remaining business rather than sell: CEO

OSLO Norway's Opera Software remains focused on developing its remaining business units rather than selling more, its chief executive said following the divestment of its TV business on Tuesday.