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Foxconn buys minority stake in camera maker GoPro

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

By Charles Gantt on Dec 20, 2012 01:50 pm CST - 0 mins, 31 secs reading time

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.

Foxconn buys minority stake in camera maker GoPro | TweakTown.com

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.

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

NEWS SOURCE:techspot.com

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