GoPro Reviews Strategic Options Including Potential Sale
GoPro is reviewing strategic options including a sale after receiving inquiries. The company also reported a wider first-quarter loss as total revenue fell.
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GOPRO INC-CLASS A is reviewing a potential sale or merger, sending its shares up 27% after market close. The move follows unsolicited buyout inquiries and a pivot toward defense and aerospace market opportunities. Investors are weighing a potential exit against a widening first-quarter loss and declining hardware and subscription revenue.
