GoPro (GPRO) Sells Majority Stake for $285 Million

GoPro (GPRO) has agreed to sell a majority stake to optical maker Starman for a total of $285 million. This sale comes as GoPro continues to face financial challenges. The transaction is significant, suggesting a shift in GoPro's business strategy to stabilize as it deals with ongoing struggles. For investors, this development may impact GoPro's market position and future performance, as strategic partnerships can provide necessary resources and capital.