Friday, May 12, 2017

Opera is now a Chinese company after 600 million sale

Opera is now a Chinese company after 600 million sale



Opera (and its browser) is now a Chinese company, after $600 million sale What’s a browser with 10 percent of the mobile market worth? $600 million, apparently. A consortium of Chinese companies led by Qihoo 360 purchased the browser and several other Opera assets, including the company’s name. Qihoo 360 is known in China for its mobile app store and anti-virus software. The US NSA probably wont be happy as a browser is a powerful Internet tool (the end-to-end encryption starts and ends here) and any existing NSA backdoors will now be switched for Chinese backdoors (Im stating this slightly tongue in cheek but it was amusing when the NSA were all out warning everyone not to buy Hauwei or ZTE network devices a few years back, when the key reason was that the NSA would have lost their own backdoors that were supposedly implanted in Cisco and other US network equipment, if it had been replaced with Chinese network routers and switches). A valid concern raised in the article though is what will happen to the VPN technology in the Opera browser? Can it be trusted in future? Could it be trusted in the past? See http://ift.tt/29JBDzY

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