360 currently holds a 20.6% stake in Opera.
- 360 currently holds a 20.6% stake in Opera.
- The purchase price is equal to $5.50 per ADS, as 360 holds 46.75 million ordinary shares of Opera, equivalent to 23.375 million ADSs.
- The potential transaction is subject to the approval of 360's shareholders at a shareholder meeting scheduled for October 10, 2022.
- The transaction is expected to close within 10 business days of shareholder approval.