The deal still needs final approval from the shareholders of both companies, though.

GoPro said on Tuesday it is being acquired by Starman Optical in an all-cash deal valued at $285 million.

GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.

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…