Thursday, December 20, 2012

Foxconn Acquires Minority Stake in GoPro

Foxconn Acquires Minority Stake in GoPro

Foxconn, one of Apple's several manufacturing partners, has announced it is purchasing a minority stake in GoPro, known for its wearable and mountable cameras. Details on the agreement reveal that Foxconn would pay about $200 million for an 8.8-percent stake in GoPro, while the camera maker would provide Foxconn's CEO Terry Gou a seat on the board of directors. It remains unclear why Foxconn decided to invest in GoPro.

Gadget.com , Foxconn Acquires Minority Stake in GoPro, Foxconn Acquires Minority Stake in GoPro

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