Opera Software sale scaled down to avoid privacy concerns
But it was worries over consumers and their personal information that caused the consortium to hit the brakes and reconsider purchasing certain parts of the company. The group is going forward with a plan to purchase a smaller portion of Opera's business assets, Reuters said.
The deal was awaiting approval from regulators in the US, according to Reuters, and the Kunqi consortium backed away after learning how long it could take to make sure the sale wouldn't harm user privacy.
"This would be extremely rigorously investigated during the U.S. government's audit and probably would have delayed the entire acquisition process by six months to a year," a spokeswoman from consortium member company Kunlun told Reuters.
Search and security company Qihoo 360 is also a member of the consortium. Opera and Qihoo did not immediately respond to a request for comment on this story. Kunlun could not be reached for this story.
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