A new Opera update just got released and there is abig change, Opera Software ASA re-brands to Otello Corporation.

Otello owns companies that develop software for advertising, telecoms, games and other online business. Otello Corporation is also an advertisement and mobile company that runs Adcolony and the mobile application company Bemobi.

It plans to change its current OPERA ticker on the Oslo Bourse, although a new trading symbol has not yet been created, it added. The name changes does not affect Opera Software AS or the Opera and Opera Mini internet browsers, all of which Otello sold in 2016, Opera Software AS said in a separate statement.

“The reason Opera Software ASA is changing its name is as part of the sale of the browser business to the Chinese consortium, the consortium also purchased the brand ‘Opera,’” he said. “As a result, Opera Software ASA agreed to change its name after a transition period.” “As a strategic adviser to the Chinese Consortium, I can assure you that the Opera browser is doing well and it continues to grow number of users and increases its market share.” “The company known as Opera Software ASA, which owns the advertisement company Adcolony and the mobile app company Bemobi, has today announced to change its name to Otello Corporation. However, Opera Software AS, the company that makes the popular Opera and Opera mini browsers, is still called Opera Software AS and remain a privately held company head quartered in Oslo, Norway,”

The new owner may have the resources to keep the browser at the cutting edge of new technology. The potential bad news is that they may inject a lot of ads into the browser. 👎

Source