Opera Divests Nanobank
The purchaser is a private equity investor with strong tech and consumer fintech experience.
Opera obtained its ownership in Nanobank in
The transaction will result in a recorded net loss equal to the difference between Opera's unaudited carrying amount of its investment in Nanobank of
"The sale of Nanobank allows Opera and its management team to remain fully focused on our core business," said CFO
Opera is a global web innovator with an engaged and growing base of hundreds of millions of monthly active users who seek a better internet experience. Building on over 25 years of innovation that started with browser products, Opera is now leveraging its brand and highly engaged user base in order to expand its business into new segments. Today, Opera offers users around the world a range of products and services that include PC and mobile browsers, the newsreader
Learn more about Opera at www.investor.opera.com or on Twitter @InvestorOpera.
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