Opera Declines After Warning Sale to Chinese Group May Fail
Not certain that bid gets approval before July 15 deadline
Companies had hired law firms to pass Chinese, U.S. reviews
Opera Software ASA fell 10 percent in Oslo after the maker of browsers for mobile devices disclosed that its attempted takeover by Chinese buyers may not get government approval before this week’s deadline.
July 15 is the “drop dead date” for the required nod from authorities, Opera said in a statement Tuesday. The bidder and Opera are exploring alternative options and will give an update later.