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A consortium of Chinese Internet-focused investors—Golden Brick Silk Road, Kunlun and Qihoo 360—have put in an offer to buy mobile software and advertising player Opera for $1.2 billion.
On Wednesday, Opera's board of directors sent out a statement to its investors recommending that the company take the buyout offer. In other words, it's close to being a done deal.
"There is strong strategic and industrial logic to the acquisition of Opera by the consortium," said Opera's CEO Lars Boilesen in a statement.