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Opera Software to Develop Remaining Business Rather Than Sell, Says CEO | NDTV Gadgets360.com

• Norway's Opera Software remains focused on developing its remaining business units rather than selling more, its chief executive said following the divestment of its TV business on Tuesday.

• In addition to announcing the sale of the majority stake in its TV business to Moore Freres, the Norwegian software firm separately warned of weaker earnings in its mobile advertising unit.

• Opera needs to address costs and streamline this part of its business, the biggest of its four remaining units, he said.

• "Now we have to focus on developing the four companies we have left, that is the only strategy we have," Lars Boilesen told Reuters after selling the TV unit to tech-focused investment firm Moore Freres.

• Opera's other units are Skyfire, an online cloud-based service for operators of mobile phone networks, Bemobi for Apps and Games, and virtual private network division SurfEasy.

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