GoPro is being acquired for $285 million in a deal that gives the action camera pioneer a much-needed lifeline.
US optics and photonics company Starman Optical is taking over the business. Starman will hold about 90% of the combined entity, while existing GoPro shareholders will keep 10% and receive $1.14 per share.
The transaction will wipe out $92 million of GoPro's debt and is expected to close by the end of 2026. Instead of going private, the combined business will remain publicly traded under Starman's control. Beyond consumer cameras, Starman plans to use GoPro's patents and optical expertise to expand into commercial gear, defense tech, and AI infrastructure.
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#Hardware
September 2, 2026 606 1
