Industry
GoPro to expand into AI and defense via $285 million deal with Starman Optical
GoPro said it signed a final merger agreement with privately held photonics company Starman Optical to expand into AI data centres and the defense market. Under the deal, Starman Optical will take a 90% stake and existing GoPro shareholders will hold 10%. Shareholders will receive $285 million in cash, or $1.14 per share. GoPro shares jumped 38% after the announcement and will remain listed on Nasdaq after closing, expected by year-end.
