Opera's shareholders agree $1.24 bn buyout offer
Browser maker Opera's shareholders have approved the $1.24 billion acquisition proposal by a consortium of Chinese companies that includes Qihoo 360 Technology, the buyers said on Wednesday. The offer of $8.51 per share equates to around 10 times the company's estimated core earnings. The bid was accepted by shareholders owning 90.6% of Opera's outstanding capital and 90.9% of the votes.