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8 months ago
BRIEF-Opera Software CEO says focus on existing business, not to divest more
December 20, 2016 / 9:02 AM / 8 months ago

BRIEF-Opera Software CEO says focus on existing business, not to divest more

Dec 20 (Reuters) - Opera Software Asa CEO Lars Boilesen told Reuters on Tuesday:

* Boilesen said sale of Opera TV came on request from Moore Freres and at a good price

* Said focus going forward is to develop existing business, not to divest more

* To develop the four remaining business areas is the only strategy the firm have

* Nevertheless CEO will not rule out more sales if right offer shows up

* A tough market persists for mobile advertising, might take 5-6 months to see improved market

* Firm needs to streamline mobile advertising business and take a close look at costs

* Sale of consumer business earlier this year took a lot of time an focus and that will change now Further company coverage: (Reporting By Ole Petter Skonnord)

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