GoPro to be acquired for $285M, will remain a public company

The story
GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
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The Story At A Glance
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- • GoPro is merging with Starman Optical in a $285 million deal.
- • The merger pivots the company from consumer action cameras toward AI infrastructure and optical-photonics.
- • The combined entity will remain a publicly listed company and will repay $92 million in debt.
GoPro has struggled to compete with smartphone camera technology and sought a way to stabilize its business. This merger serves as a strategic recapitalization to diversify revenue through the growing AI
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