Starman Optical will acquire struggling GoPro for $285 million in cash. This deal aims to repay GoPro's debt and navigate market challenges. The acquisition will integrate Starman's optical transceivers into GoPro's product line. GoPro's consumer business will continue while tapping new markets. The transaction is expected to be finalized by the year's end.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.