Brief: Opera Software sells Surfeasy business to Symantec

Otello ASA

06/11/2017 14:48

Nov 6 (Reuters) - Opera Software Asa  OPERA.OL : 
     
    * to sell its surfeasy business to symantec corporation 
    * closing of transaction took place simultaneously with 
entering 
into of agreement and all conditions for completion have 
therefore been fulfilled 
    * transaction values surfeasy to an enterprise value of usd 
38.5m 
    * purchase price consists of an all cash consideration, of 
which 
85% is paid to opera at closing.  
    * Remaining 15% will be held in escrow for up to 15 months 
    * surfeasy will be excluded from opera's financials as of 6 
november 2017 
    * carnegie acted as financial advisor to opera in relation 
to 
transaction 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8xn6Vm 
Further company coverage:  OPERA.OL  
 
 (Reporting By Oslo Newsroom) 
 ((balazs.koranyi@thomsonreuters.com;))