(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...
11 years ago
Popular Posts
-
WARSAW, Poland (AP) A statue of Adolf Hitler praying on his knees is on display in the former Warsaw Ghetto, the place where so many Jews ...
-
Set Up Your PSN ID If you're new to the PlayStation ecosystem, you'll need to set up your PlayStation ID and account information. I...
-
NEW YORK (Reuters) - Actresses Natalie Portman and Kristen Stewart are Hollywood's most bankable stars and provide studios with the hi...
-
LONDON (AP) The news that Prince William and the former Kate Middleton were expecting their first child joyous news for a couple l...
-
CHICAGO/NEW YORK (Reuters) - In a sharp contrast between two of the nation's largest cities, Chicago recorded its 499th murder of 2012...
-
NASHVILLE, Tenn. (AP) Prosecutors on Thursday declined to pursue a criminal trespassing charge against a Wisconsin man arrested earlier this...
-
1. Ingress This app literally turns the real world into a video game. You choose one of two sides, "Enlightened" or "Resist...
-
iPad mini A common issue often presents itself when Apple ( AAPL ) launches new products: it can t build them fast enough. We ve seen it ti...
-
ALMA CENTER, Wis. (AP) A Wisconsin couple says fire clucks, not fire trucks, helped them escape a blaze at their home. Alma Center Fire Chie...
-
Nintendo Wii U I remember it still people flipped out about the Nintendo ( NTDOY ) Wii . Yes, its name was mocked for a while, but there wa...
