Chinese
$1.2 billion takeover of Norway's Opera fails, pursues alternative deal
A Chinese consortium's $1.24 billion takeover of Norwegian
online browser and advertising firm Opera Software has collapsed after the deal
failed to win regulatory approval by a July 15 deadline, Opera said on Monday,
sending its shares to a seven-month low.
Instead, the Kunqi
consortium, which includes search and security business Qihoo 360 Technology Co
and Beijing Kunlun Tech Co, a distributor of online and mobile games, will take
over certain parts of Opera's consumer business for $600 million, Opera said in
a statement.
The original deal had
needed the approval of the Chinese and U.S. authorities. Opera did not say whether approval from China,
the United States, or both, was lacking.
… The Kunqi
consortium now plans to acquire Opera's browser business, both for mobile
phones and desktop computers, the performance and privacy apps section of the
company as well as its technology licensing business and its stake in Chinese
joint venture nHorizon, Opera said.
My Data Management students will need to understand this; therefore,
I need to understand it.
Wall Street is obsessed with this technology — but a big
group of investors is missing out
Blockchain could be a real game changer for the
financial-services industry, and big Wall Street banks and stock exchanges are
trying to work out how to make the technology work.
But one big subset of Wall Street — big asset-management
companies — is watching from the sidelines. That could be "a mistake," according
to a joint
report by JPMorgan and Oliver Wyman released on Wednesday.
… Blockchain, in a
nutshell, allows banks and investors to share data through what's called a
distributed ledger. The alternative —
which is how things are done today — is that every bank, investor, exchange,
and trader keep their own records. So
adopting the technology would cut down on a huge amount of so-called
back-office expenses at firms that have huge staffs working just to keep
records up-to-date.
And it would reduce the possibility that the data can be
tampered with.
(Related)
IBM Pushes Blockchain into the Supply Chain
IBM’s new service will help companies test online ledger
technology to track high-value goods as they move through supply chains
Something for my graduate students to consider?
How Many of These Meeting Etiquette Rules Do You Follow?
Why everyone wants VR?
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