Industry News

Industry News: Xiaomi to Purchase GoPro Says Report

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It hasn’t been a secret that GoPro has been for sale for quite some time, and it looks like they may have found a buyer in Chinese electronics company Xiaomi.

Bloomberg is reporting that the deal could be worth as much as $1bil for a company that has a current market capitalization of $761mil. At its peak, GoPro had a market cap of $10bil.

Shares in GoPro rose 8.8% on news of the potential sale.

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