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Investment run by ex-Viacom execs buys controlling stake in Opera TV

Opera Software ASA sold a controlling stake in Opera TV, an independent cloud and embedded software developer for over-the-top deployment, to Moore Frères & Co., an investment run by former Viacom Inc. executives, Advanced Television reported Dec. 20.

Opera TV's offerings enable TV and set-top-box manufacturers to add the technology and capability to stream the internet to the largest and most important screen in a house, Martez Moore, chairman and CEO of Moore Frères, reportedly said. Clients of Opera TV are situated all over the world in Asia, Europe, North America and South America.

Post transition, Aneesh Rajaram, who was the general manager of Opera TV, will reportedly take over as Opera TV's CEO. The acquisition will allow Opera TV and Moore Frères, together, to become a key enabler of OTT in the TV industry worldwide.