GoPro announced a definitive agreement to merge with U.S. company Starman Optical. The total value is reported to be approximately $285 million (about ¥45.6 billion).
U.S.-based GoPro announced on the 1st that it had reached a definitive agreement to merge with Starman Optical, a privately held U.S. company specializing in optical components. The merger is viewed as a measure aimed at restructuring the business.
According to the announcement, the total value of the merger is approximately $285 million, equivalent to about ¥45.6 billion. The transaction is reported to be expected to proceed with cash or cash equivalents.
Following the merger, the two companies said they aim to strengthen their capabilities in the design and manufacture of optical components through business restructuring and integration. Details of the integration schedule and organizational structure are expected to be disclosed at a later date.