Tuesday, April 17, 2018 11:50:44 PM
According to reports originating from The Information, a deal could be worth around $1 billion, although Xiaomi is keen not to overpay. It was reported earlier this year that GoPro had said it was open to partnerships, while stopping short of stating it was seeking a buyer.
While Xiaomi has action camera products in its wider portfolio already, it does not have the presence in the market of GoPro. And, Bloomberg reported, GoPro sells in 30,000 outlets in 100 countries, which would enable Xiaomi to improve its international reach.
GoPro faced a number of challenges with its core business, particularly with regard to pricing pressure: in its most recent results, following price cuts, it said there “is demand for GoPro products at the right price”. But it needs to bring in new customers in order to upsell to them with future devices.
The camera company struggled with profitability and, so far, its efforts to build other revenue streams have deliver mixed results. It counts 130,000 subscribers for its $4.99 per-month Plus subscription service (offering cloud storage, discounts on accessories and enhanced service), but pulled out of the drone business having failed to generate traction.
And the GoPro brand is also well known in the markets in which it operates.
Recent GPRO News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:41:23 PM
- GoPro Announces Two New Cameras: The $399 HERO13 Black and the $199 HERO • PR Newswire (US) • 09/04/2024 01:00:00 PM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 09:19:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:05:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:05:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:04:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:03:48 PM
- GoPro to Present at Oppenheimer 27th Annual Technology, Internet & Communications Conference • PR Newswire (US) • 08/08/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 09:05:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:09:09 PM
- GoPro Announces Second Quarter Results • PR Newswire (US) • 08/06/2024 08:05:00 PM
- GoPro Brings You into the Eye of the Storm for Universal Pictures, Warner Bros. Pictures and Amblin Entertainment's TWISTERS • PR Newswire (US) • 07/17/2024 01:00:00 PM
- GoPro Announces Second Quarter 2024 Earnings Webcast • PR Newswire (US) • 07/16/2024 08:05:00 PM
- GoPro Partners with SoftBank Group's SB C&S Corporation for Additional Distribution in Japan • PR Newswire (US) • 07/09/2024 01:15:00 PM
- GoPro Recognized in 2024-2025 'Best Companies to Work For' Rankings by U.S. News & World Report • PR Newswire (US) • 06/26/2024 01:00:00 PM
- GoPro Celebrates Surpassing 50 Million Cameras Sold • PR Newswire (US) • 06/12/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:02:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:02:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:01:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:00:45 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/29/2024 08:35:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:06:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:05:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:03:55 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM