Opera to buy back 360 shares

Well-known browser manufacturer Opera Limited recently announced that it plans to buy back all of its shares from 360 in an all-cash transaction. Opera Limited will receive a 20.6% stake in 360 once the deal is concluded. In the announcement, Opera Limited said it would repurchase at a price of $5.50 per American depositary share, as 360 currently holds 46.75 million shares of Opera common stock, equivalent to 23.375 million American depositary shares…

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