According to recent rumors, the Chinese manufacturer Xiaomi is considering a takeover of the American action camera maker GoPro. The company’s CEO, Nick Woodman, has previously indicated that it is open to sale to a larger company.
Early this year GoPro CEO Nick Woodman said that, in addition to working together, he considered the sale of the company, preferably to a larger company to have the opportunity to grow. He furthermore sees that GoPro wishes to remain independent in the event of a possible takeover. At the time there were rumors that the action camera maker was looking for a takeover candidate.
According to The Information, the value of GoPro shares in 2018 fell about 36 percent and investors hope that a takeover will raise the price again. Bloomberg reports that the news about the possible takeover by Xiaomi also produced this effect. GoPro is mainly known for its Hero-action cameras and was briefly engaged in the development of drones. With this it stopped at the beginning of this year. The company has undergone several reorganisations.