Struggling GoPro Sells Majority Stake to Starman for $285 Million
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GoPro will be bought by optical components maker Starman in a $285 million cash deal that would repay GoPro’s about $92 million of debt and give it more flexibility amid surging memory chip prices and stiff Chinese competition. Starman Optical would take a 90% stake, while GoPro remains publicly listed after a year-end close. Shares jumped more than 50% on the news.
Coverage (14)
- GoPro to enter AI data center market via merger with optical photonics company (datacenterdynamics.com)
- GoPro merges with Starman Optical in $285 million deal (qz.com)
- GoPro to merge with Starman Optical in $285 million deal (americanbazaaronline.com)
- Markiplier set to make millions from GoPro investment after company announces $285m Starman merger (timesofindia.indiatimes.com)
- Breaking Down Markiplier's GoPro Investment 📸 (news.thepublishpress.com)
- GoPro Finds a Merger Partner, Potentially Saving Its Camera Business (pcmag.com)
- GoPro to Merge With Starman Optical in $285 Million Deal, Pivots Toward AI and Defense Markets (newsshooter.com)
- GoPro wants to save its action cameras from bankruptcy with an AI pivot. GoPro has agreed to merge with a US company that builds tech for data centers (digitalcameraworld.com)
- GoPro Finds a Merger Partner, Potentially Saving Its Camera Business (au.pcmag.com)
- GoPro becomes military and AI company following $285 million acquisition (notebookcheck.net)
- Optical Company Starman Buys GoPro for $285 Million, Plans Move Into AI, Defense, and National Security (petapixel.com)
- GoPro has been acquired and is getting into ‘defense, government, robotics and aerospace’ (theverge.com)
- Struggling GoPro sells majority stake to optical maker Starman for $285 million (reuters.com)
- Struggling GoPro sells majority stake to optical maker Starman for $285 million (cnbc.com)