BusinessGoPro Acquired by Starman Optical for $285 Million
GoPro, the long-struggling action camera manufacturer, has announced a merger with Starman Optical in a $285 million deal. Under the agreement, GoPro shareholders will receive $1.14 per share and retain about 10% in the new combined entity. The transaction will eliminate GoPro’s $92 million debt and strengthen its financial position. Completion is expected by the end of 2024. The merger aims to accelerate innovation in consumer, commercial, and defense markets while relocating critical optical component production back to the U.S.
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