GoPro Sells Majority Stake to Starman for 285M
Starman Optical is acquiring a 90 percent stake in GoPro for 285 million dollars in cash. The deal will clear the camera maker's debt and expand its reach into AI and defense markets.
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Starman Optical will acquire a 90% stake in GOPRO INC-CLASS A for $285 million in cash, clearing the action-camera maker's debt. The deal gives the struggling manufacturer breathing room against rising component costs and competition in China and the United States markets.
