Report: Chinese company Xiaomi may purchase GoPro

Report: Chinese company Xiaomi may purchase GoPro

Chinese electronics company Xiaomi is considering an offer to buy action-cam makers GoPro, according to a report in The Information. This news follows GoPro's January announcement that it would be exiting the market for drones in order to streamline business and become more profitable.

At the same time, CEO Nick Woodman said in an interview with CNBC the company was open to a buy-out:

If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at.

Details on the potential offer are sparse at this point in time, but the deal could be worth as much as $1 billion. Once valued at more than $10 billion, in its heyday GoPro was a success story in consumer electronics, but the company's market capitalization has since fallen to about $761 million, mainly due to aggressive competition from China.

According to analysts, a buyer could leverage GoPro’s brand and make profits through device sales. Xiaomi in particular could also use some of GoPro's camera IP in the development of camera modules for its smartphones. That said, if the Chinese company does end up buying GoPro, we hope they won't just use the brand name and patents, and will let GoPro action-cams live on.

GoPro's stock price has spiked 8. 8 percent on the news.


gopro company chinese xiaomi

2018-4-14 20:06

gopro company → Результатов: 7 / gopro company - фото


Report: GoPro has laid off 200-300 more staff from its drone division

Californian action camera manufacturer GoPro has laid off between 200 and 300 staff, according to a report by TechCrunch. The report claims the redundancies have been made in the division of the company that builds it aerial offering—the Karma drone—and that GoPro cited a need to "better align our resources with business requirements" as the reason for the layoffs. »

2018-01-05 22:11


GoPro to cut 270 jobs as part of restructuring effort

GoPro plans to eliminate another 270 jobs, the company revealed in its Q1 2017 guidance report, via a combination of layoffs and open position cancellations. The workforce reduction follows a similar layoff of 200 workers announced in November 2016, and is part of a larger business restructuring effort to cut costs and maintain profitability. »

2017-03-16 21:23