Reuters is reporting that Opera Software — the Norwegian company best known for its web browser — is rebranding to Otello Corporation. The company says it intends to change its stock ticker on the Oslo Bourse, although it’s yet to come up with a new symbol.
This move is likely because Opera Software — sorry, Otello Corporation — wants to distinguish itself from its browser business, which it sold to group of Chinese investors in 2016.
In July 2016, Golden Brick Capital Private Equity Fund (which includes Qihoo 360, a major Chinese antivirus and browser developer) bought Opera’s consumer side for $600 million. The deal closed November that year.
By changing its name to Otello Corporation, Opera Software is able to break from its past, while making a wry nod to it. Otello is the name of an opera by Verdi, based on Shakespeare’s Othello.
TNW has reached out to Otello. If we hear back from them, we’ll update this post.
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