Action camera maker GoPro to be acquired
Digest more
Advancements in smartphone technology have made GoPro cameras irrelevant to “anyone beyond hardcore sports enthusiasts or professional creators,” one analyst says.
GoPro (GPRO) stock jumped 37% after announcing a $285M merger with Action Acquisitions. The deal will pivot the company toward AI and data centers.
GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
GoPro will merge with Starman Optical in a $285 million deal, retaining its public listing while expanding into AI, defense and optics.
Digital Camera World on MSN
Internal emails hint GoPro merger could mean more US manufacturing and expanded product lines
What does the proposed GoPro merger mean for the future of the action camera giant? Internal emails offer some hints
Right now, Amazon has the GoPro HERO13 Black action camera selling with a ton of accessories at a 14% discount.
GoPro will merge with Starman Optical in a $285 million deal that will expand the company into AI infrastructure, defense, government and aerospace.
GoPro (GPRO) shares jumped about 85% shortly after Tuesday's market open, extending a dramatic rally that had already lifted the stock roughly 100% over the previous two sessions before the company announced its merger with Starman Optical.