By Lisa Johnston
New products on display at the American International Toy Fair, held in N
SAN MATEO, CALIF. — GoPro announced that Hon Hai Precision Industry, also known as Foxconn, has acquired an 8.88 percent full-diluted stake in GoPro for $200 million, valuing the company at $2.25 billion.
GoPro is a manufacturer of wearable and gear-mountable cameras that are used by consumers, professional athletes and video-production professionals.
GoPro said in a statement said that Terry Gou, Foxconn’s founder and CEO, will join GoPro’s board. Notable products manufactured by Foxconn include Apple’s iPhone and iPad, Sony’s Play- Station and Microsoft’s Xbox.
“Needless to say, we are over the moon to have Terry Gou and Foxconn join us on our mission to scale GoPro into one of the great enabling companies of our time,” said GoPro founder and CEO, Nicholas Woodman.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.