Starman Optical to Buy GoPro for $285M in Cash Deal
Starman Optical will buy GoPro for $285 million in cash, valuing shares at $1.14 and offering a roughly 29.6% premium. The buyer will take a 90% stake, while a revised GoPro keeps its retail camera business. After the announcement, GoPro shares jumped as high as $1.64 on heavy volume amid steep revenue declines and $92 million debt.