Opera component that divested browser branch renames to Otello

Opera Software ASA, which sold its browser branch Opera Software AS to a Chinese consortium in 2016, is changing its name to Otello Corporation. That is a requirement that the buyers made at the time, the company reports.

A spokesperson for Opera explains to TNW that when the consumer branch, including its browser department, was sold, it was agreed that a transition period would apply during which the company could still use the name Opera. It’s now over. The Chinese companies also bought the rights to use the name in the acquisition. The name change was confirmed at an extraordinary meeting of the Norwegian company.

The change only applies to the parts of the business that are left over after the sale. These included the purchased Bemobi and the American branch Opera Mediaworks, which compiles reports, among other things, and is now called AdColony again. The acquisition was closed just over a year ago. One of the participating companies of the consortium was the Chinese Qihoo 360, which is active in the security sector.