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Struggling GoPro sells majority stake to optical maker Starman for $285 million
Starman Optical will acquire struggling GoPro for $285 million in cash. This deal aims to repay GoPro's debt and navigate market challenges. The acquisition will integrate Starman's optical transceivers into GoPro's product line. GoPro's consumer business will continue while tapping new markets. The transaction is expected to be finalized by the year's end.
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economictimes.indiatimes.com
GoPro to be acquired by Starman Optical in $285 million deal - The Economic Times
GoPro said on Tuesday it is being acquired by Starman Optical in an all-cash deal valued at $285 million.
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techcrunch.com
GoPro to be acquired for $285M, will remain a public company | TechCrunch
GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
