GoPro to Sell Majority Stake for $285 Million, Pivot to AI and Defense
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Action camera company GoPro has agreed to sell a majority stake to optics manufacturer Starman Optical, the two companies said Tuesday. Starman Optical will buy 90% of GoPro’s shares for $285 million in cash, or $1.14 a share. GoPro shares jumped 40% on Tuesday.
The deal is expected to close by ...
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