Brief: Opera Software CEO says focus on existing business, not to divest more
20/12/2016 08:45
Dec 20 (Reuters) - Opera Software Asa OPERA.OL CEO Lars
Boilesen told Reuters on Tuesday:
* Boilesen said sale of Opera TV came on request from Moore
Freres and at a good price urn:newsml:reuters.com:*:nFWN1EE0WP
* Said focus going forward is to develop existing business,
not to divest more
* To develop the four remaining business areas is the only
strategy the firm have
* Nevertheless CEO will not rule out more sales if right
offer shows up
* A tough market persists for mobile advertising, might take
5-6 months to see improved market urn:newsml:reuters.com:*:nFWN1EE0WU
* Firm needs to streamline mobile advertising business and
take a close look at costs
* Sale of consumer business earlier this year took a lot of
time an focus and that will change now
Further company coverage: OPERA.OL
(Reporting By Ole Petter Skonnord)
((olepetter.skonnord@thomsonreuters.com;))