GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
Action camera maker GoPro said on Tuesday it is being acquired by Starman Optical in an all-cash deal valued at $285 million.
GoPro (GPRO) stock surges on Starman Optical merger: $1.14/share cash-out, debt repaid, pivot to AI data-center optics.
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GoPro has agreed to merge with privately-held Starman Optical in a $285 million cash deal, pivoting the company beyond consumer hardware into artificial intelligence data center and defense markets.
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