Norwegian mobile Internet browser maker Opera has signed a licensing deal with Russia's Yandex, Opera's chief executive said on Monday.
Yandex plans to launch its own browser based on Opera's Turbo technology.
is a good commercial deal for us, and if there would be a cannibalist
situation, the cooperation is still very positive for Opera," the firm's
Chief Executive Lars Boilesen told Reuters.
"Normally it would be
negative to get a competitor which eats into our market share but
through this deal that is absolutely not a negative thing," he added.
deal was first announced on September 21 but Opera did not disclose
that Yandex was the customer at that time, awaiting the product launch.
said that while the browser market is very tough for newcomers he was
confident Yandex had a good chance of success on the Russian market.
Copyright Thomson Reuters 2012