TweakTown
Tech content trusted by users in North America and around the world
5,983 Reviews & Articles | 38,651 News Posts

Foxconn buys minority stake in camera maker GoPro

Foxconn buys stake in GoPro, CEO Terry Gou gets spot on GoPro board.

| Cameras News | Posted: Dec 20, 2012 7:50 pm

Foxconn, most notably of Apple device manufacturing fame has reportedly purchased a minority stake in HD video camera maker GoPro. In an agreement that sees Foxconn purchase an 8.8% stake for roughly $200 million dollars.

 

TweakTown image news/2/7/27402_1_foxconn_buys_minority_stake_in_camera_maker_gopro.jpg

 

The purchase gives Foxconn founder and CEO Terry Gou a spot on GoPro's board of directors. The deal between Foxconn and GoPro gives the camera manufacturer a market value of $2.25 billion.

 

GoPro has pretty much revolutionized the wearable and mountable HD Camera market. Widely popular with the extreme sports, on location video production, and home video enthusiast markets, GoPro has wigged it's way as a contender in mobile video production.

NEWS SOURCES:Techspot.com

Related Tags

Further Reading: Read and find more Cameras news at our Cameras news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases