Foxconn Makes $200M Investment in GoPro (MSFT) (AAPL)
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $431.77 -0.05%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Trade AAPL Now!
GoPro announced today that Hon Hai Precision Industry Co., Ltd, the world's largest electronics manufacturing company also known as Foxconn, has acquired an 8.88% full-diluted stake in GoPro for $200 million, valuing the company at $2.25 billion. GoPro makes the world's most versatile cameras, enabling people to capture and share immersive and engaging footage of themselves during their favorite activities. Terry Gou, Foxconn's Founder and CEO, will join GoPro's board.
Notable products manufactured by Foxconn include Apple's i(Nasdaq: AAPL) Phone, iPad, Sony (NYSE: SNE) PlayStation, and Microsoft (Nasdaq: MSFT) Xbox.
"Needless to say, we are over the moon to have Terry Gou and Foxconn join us on our mission to scale GoPro into one of the great enabling companies of our time," said GoPro Founder and CEO, Nicholas Woodman. "Foxconn and GoPro see a future where personal content capture and enjoyment will play an increasingly important role in our lives and we're excited to combine efforts to strengthen GoPro's position in that future."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Notable products manufactured by Foxconn include Apple's i(Nasdaq: AAPL) Phone, iPad, Sony (NYSE: SNE) PlayStation, and Microsoft (Nasdaq: MSFT) Xbox.
"Needless to say, we are over the moon to have Terry Gou and Foxconn join us on our mission to scale GoPro into one of the great enabling companies of our time," said GoPro Founder and CEO, Nicholas Woodman. "Foxconn and GoPro see a future where personal content capture and enjoyment will play an increasingly important role in our lives and we're excited to combine efforts to strengthen GoPro's position in that future."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: ViroPharma (VPHM) on the Move Following Takeover Chatter - Reuters
- Mobile Device Exec Sees Dark Days Ahead for Microsoft (MSFT) Windows Phone (NOK) (AAPL)
- Perrigo (PRGO) to Acquire Ophthalmic Assets from Fera Pharma
Create E-mail Alert Related Categories
Corporate News, Mergers and Acquisitions
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
