Thanks to its advanced compression features, Opera is quite popular in India on mobile devices. I think that is the reason why Chinese consortium offered $1.2 billion for Opera. It is 53% more than the company is worth.
This information is officially confirmed by Opera, however the decision is not yet made. In my opinion it is only the matter of time when this transaction will be finalized. The current Opera CEO, i.e. Lars Boilesen, explains that this proposal is very attractive because it will allow Opera to faster expansion and development. I know, that you associate this company with their web browser, but they have much better products.
Opera has very good compression algorithms. For example, Opera Max mobile browser compresses the whole web traffic, including videos. In case of Netflix it will allow you to save up to 60% of traffic. Mobile data plans are still expensive, so this solution can bring quite tangible benefits.