GoPro has been acquired and is getting into ‘defense, government, robotics and aerospace’
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TL;DR
- GoPro has been acquired by Starman Holding for $285 million.
- The acquisition is described as a "merger" with Starman's subsidiary, Starman Optical.
- GoPro will expand into defense, government, robotics, and aerospace markets.
- The company aims to combine GoPro's optical expertise with Starman's transceiver capabilities and U.S. manufacturing.
- Starman Holding's CEO, Charles Tebele, sees this as an opportunity to bring production of critical components back to the United States.
- GoPro will continue to support its existing consumer products while growing in commercial and defense markets.
- YouTuber Mark “Markiplier” Fischbach, who recently became GoPro's largest shareholder, purchased 8.5% of the company.
- Shareholders will retain 10% of the company's shares after the acquisition.
- The deal is expected to close by the end of the year.