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GoPro Says It's Moving Into AI Data Centers As Part Of A $285 Million Merger
Engadget • • business
Key Points:
- GoPro is merging with optical-photonics company Starman Optical to enter the AI data center market, while continuing its action camera and cloud services business.
- Shareholders will receive $285 million and retain about 10% ownership, with GoPro's $92 million debt to be paid off as part of the deal.
- The merger requires shareholder approval, regulatory clearances, and is expected to close by the end of 2026.
- The combined company aims to expand into AI infrastructure through Starman's optical transceivers and target defense, government, robotics, and aerospace sectors.
- This strategic move leverages GoPro's imaging and optics capabilities to diversify beyond its traditional consumer market.
