(Reuters) - Taiwanese electronics manufacturer Foxconn said on Thursday that it had bought an 8.88 percent stake in GoPro for $200 million, giving the U.S. camera maker a valuation of $2.25 billion.
Foxconn, which trades as Hone Hai Precision Industry Co, said its founder and chief executive officer, Terry Gou, would join GoPro's board.
Reuters reported in July that GoPro, which makes wearable cameras used by surfers and extreme sports enthusiasts, was planning a public offering of $300 million to $500 million next year, citing sources close to the matter.
Foxconn manufactures products such as Apple Inc's iPhone and Sony Corp's PlayStation.
(Reporting by Sinead Carew; Editing by Lisa Von Ahn)
Blog List
-
Kaley Cuoco Shows Off Fit Physique In Skin-Revealing Yoga Outfit - By Suzy Byrne Kaley Cuoco leaving yoga class in L.A. on Monday. (X17online.com)Kaley Cuoco gave new meaning to hot yoga on Monday when she emerged from cla...
12 years ago
Popular Posts
-
(Reuters) - American actor Burt Reynolds has left a Florida hospital after a battle with the flu, a representative for the "Smokey and ...
-
The latest company to launch into the asteroid-mining business isn't worried about competition from its biggest rival, saying that the r...
-
On Tuesday, National Rifle Association executive vice president Wayne LaPierre criticized President Barack Obama's inaugural address. ...
-
TORONTO (AP) Canadian immigration officials have denied U.S. actor Randy Quaid's request for permanent resident status in Canada. A Cana...
-
By Andrea Shalal-Esa WASHINGTON (Reuters) - A key Senate committee will hold a hearing in coming weeks to examine U.S. aviation safety overs...
-
David S. Kime Jr. was many things. World War II veteran. Purple Heart recipient. Father. Grandfather. Husband. And, it should be noted, Burg...
-
Members of a Florida family were shocked to be awakened in the middle of the night to find their house surrounded by police with guns drawn ...
-
The nighttime viewing capabilities of the Suomi NPP satellite are giving earth scientists new views of the planet's surface once the sun...
-
PARIS (Reuters) - French President Francois Hollande said on Monday it would be up to African forces to tackle Islamist rebels in the northe...
-
The storm clouds in Earth's atmosphere are filled with microbial life, according to a new study. The research, published today (Jan. 23)...
