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  5. Moore Freres Acquires Opera TV

M&A Deal Summary

Moore Freres Acquires Opera TV

On December 20, 2016, private equity firm Moore Freres acquired internet software and services company Opera TV from Otello

Acquisition Highlights
  • This is Moore Freres’ 1st transaction in the Internet Software and Services sector.
  • This is Moore Freres’ 1st transaction in Norway.

M&A Deal Summary
Date 2016-12-20
Target Opera TV
Sector Internet Software and Services
Buyer(s) Moore Freres
Sellers(s) Otello
Deal Type Divestiture

Target

Opera TV

Oslo, Norway
Opera TV is an independent developer of cloud and embedded software that enables the TV and media industry’s transition to over-the-top (OTT) content, whereby video can be streamed directly to consumers’ living rooms via the Internet, to devices such as Smart TVs, Blu-ray disc players, set-top boxes and video game consoles. Opera TV is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Moore Freres

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Moore Freres & Co. is a private investment firm focused on acquiring and turning around established technology, media, and telecom businesses. The Firm generally pursues mature companies with strong management, reasonable valuations and opportunities to create value by extending strategic, operational and technological capabilities. Moore Freres & Co. was established in 2014 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Otello

Olso, Norway
Category Company
Founded 1995
Sector Software
Employees3
Revenue 259M USD (2020)
DESCRIPTION

Otello is a browser company develops mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. Otello was founded in 1995 and is based in Olso, Norway.

DEAL STATS #
Overall 1 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-07 Bemobi

Rio de Janeiro, Brazil

Bemobi is a provider of subscription-based mobile-app-discovery service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 SurfEasy

Toronto, Ontario, Canada

SurfEasy, Inc. is a software company offers an "easy to use" VPN solution. SurfEasy is based in Toronto, Ontario.

Sell -
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