A consortium of companies from China comprises of Kunlun Tech Limited, Future Holding L.P., Keeneyes Future Holding Inc, Qifei International Development Co. Limited and Golden Brick Capital Private Equity Fund I L.P.Beijing Kunlun Tech Co. Ltd., Qihoo 360 Software (Beijing) Co. Ltd., and Golden Brick Silk Road Fund Management (Shenzhen) LLP are buying out the Opera Browser for $600 million (about RM2.4 million).

An earlier deal worth $1.2 billion (about RM4.8 billion) fell through but then it was picked up with a new deal to create a Chinese Opera. Through this new deal, Opera will be surrendering its browser business, privacy and performance apps, tech licensing, and its name.

Opera will be keeping the leftover parts of the business, namely its consumer arm, apps and gaming, and Opera TV. The remaining parts will have to begin operating under a new name once the deal is completed, and there are no indications of what Opera is working on in the future.

1,109 employees are set to be affected by the buyout. There is no certainty yet on what would happen to some of the current Opera employees.