GoPro Sold for $285M, Pivots to Military Tech Days After Markiplier Became Its Largest Shareholder

GoPro announced in May it might be sold, more than three months before Markiplier's 8.5% stake was disclosed. (Credit: Wikimedia Commons)

GoPro has agreed to merge with Starman Optical in a deal valued at $285 million (about £211 million). The agreement was announced one day after Bloomberg reported that YouTuber Markiplier had become GoPro's largest individual shareholder.

GoPro shareholders will receive $1.14 a share in cash, about 84p, subject to a possible adjustment for net working capital, and retain roughly 10% of the combined company. The combined business plans to expand into AI data-centre, government, defence, aerospace, and robotics markets.