Possibility growing of Xiaomi acquiring GoPro

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Xiaomi, beyond its smartphones, has expanded its electronics offerings over the past several years to feature computers, smart vehicles and action cameras, mostly through its Yi line.

GoPro has long been the go-to name that people think of for capturing sporting occasions and such, but with its recent attempts to expand into drones and innovating on its form factor, it’s gone through some hungry times. Earlier this year, it had started to go through the process of offering the company to buyers.

Now, investors are hopped up on news that Xiaomi has considered making an offer for GoPro. Bloomberg reports that GoPro, once worth over $10 billion, is now valued at around $761 million. Meanwhile, the Chinese company, worth tens of billions of dollars, could utilize the brand name value as well as existing infrastructure and retail partnerships.

GoPro stock rose 7.2 percent today.

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.