GoPro agrees merger with AI optics firm at $285m deal
GoPro shareholders are set to receive a 25% premium and 10% of the combined company.
GoPro, the well-known action camera brand, has secured a merger with Starman Optical, a US-based optical photonics company. The deal aims to rescue GoPro's finances and expand the company's reach into AI data centers, government, defense, and aerospace industries. GoPro CEO and founder Nicholas Woodman emphasized that the merger will position the brand as a leading American imaging and optical solutions company, addressing key areas of national security.
The action camera maker will continue its presence in the consumer camera space while exploring new markets. The merger is expected to be completed before the end of 2026, with GoPro's $92 million in debt largely repaid and shareholders receiving a $285 million cash payment.
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