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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 from Dec 20, 2012 @ 13:50 CST

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_1

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


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