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GoPro to merge with photonics startup Starman Optical in $285 million cash deal

GoPro has agreed to a $285 million cash merger with Starman Optical, a privately held maker of high-speed optical transceivers for AI data centers. Shareholders will receive $1.14 per share plus a roughly 10% stake in the combined, still Nasdaq-listed company, and Starman will also pay off GoPro's $92 million debt. The deal, expected to close by year-end pending regulatory approval, comes as GoPro's stock had crashed toward delisting territory amid weak sales and auditor doubts about its survival.

GoPro to Merge With Starman Optical in $285M Deal, Remain Public

GoPro has agreed to be acquired by Starman Optical for $285 million, with shareholders receiving $1.14 per share and retaining roughly 10% of the combined company. The deal, expected to close by year-end, will eliminate GoPro's $92 million in debt and keep the company publicly traded. It follows earlier signals that GoPro was exploring a shift toward defense technology, and comes just after YouTuber Markiplier disclosed an 8.5% stake in the company.

GoPro shares surge after YouTuber Markiplier becomes top individual shareholder

GoPro's stock jumped sharply after disclosures showed that YouTube star Markiplier now holds the largest individual stake in the company. The rally continued into premarket trading, pushing shares to their highest level since early January.