GoPro (GPRO) Merges with Starman Optical for $285 Million

GoPro (GPRO) has agreed to merge with Starman Optical in a deal valued at $285 million, equating to $1.14 per share for GoPro shareholders. Existing shareholders will maintain about 10% of the new entity's shares. The merger will eliminate approximately $92 million in debt, resulting in a nearly debt-free balance sheet. This strategic move is intended to diversify GoPro's business beyond action cameras and expand into AI data center infrastructure, defense, and robotics markets, which is significant for its future growth potential.