GoPro shareholders will receive $1.14 per share and retain about 10% of the combined company, which plans to expand into AI data centers and defense markets

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…

Company has entered into a merger agreement with Action Acquisitions and Starman Optical

GoPro’s CEO insists it will keep making action cameras.