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Did Zhou Yahui buy a bunch of shares in Opera? Otherwise, I don't know why he would be CEO of that company (as a billionare). Ok, from his wiki page: > The nex

Did Zhou Yahui buy a bunch of shares in Opera? Otherwise, I don't know why he would be CEO of that company (as a billionare). Ok, from his wiki page: > The next month, a consortium of investors including Beijing Kunlun acquired Opera Software with Beijing Kunlun acquiring 48%, effectively granting ownership to the company (and Zhou Yahui) by majority.[12] Zhou has served as chairman and CEO of Opera since 2016.[4] https://en.wikipedia.org/wiki/Zhou_Yahui https://en.wikipedia.org/wiki/Zhou_Yahui

eru 3y ago
Says https://en.wikipedia.org/wiki/Opera_(company) https://en.wikipedia.org/wiki/Opera_(company) > In 2016, Opera was acquired by an investment group led by a Chinese consortium.[7] On July 27, 2018, Opera Limited went public on the Nasdaq stock exchange, raising $115 million in its initial public offering.[8] Opera is a subsidiary of Kunlun Tech Co., Ltd., and controlled by Zhou Yahui.[9] So they bought it, and then they sold some of it (that's what an IPO is). What's important here is the last sentence with 'controlled by', which is in practice more important than ownership.