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Xiaomi is reportedly mulling over acquiring GoPro

3 monthes ago   |   By Tech Radar

In midst of doldrums at GoPro, the company's shares have jumped as much as 8.8%. The reason is said to be the recent reports of Xiaomi acquiring the action camera maker. At a time, GoPro valued at more than $10 billion, then their market capitalization has fallen to about $761 million. During that period, the company has been finding it difficult to retain their shareholders. The company, to boost revenues, had to lay off 20% employees in its drone business. According to a report by The Information , citing a source in direct knowledge of the development, Xiaomi has considered the offer to...
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