Action camera maker GoPro to be acquired after decade-long decline
Shares jump as much as 80% after announcement of $285mn cash deal with AI hardware group
TL;DR
- GoPro shares surged by as much as 80%.
- The company has agreed to a $285 million cash deal.
- The acquiring entity is an AI hardware group.
- The acquisition follows a decade-long period of decline for GoPro.