GoPro just announced a merger with Starman Optical, Inc., an optical-photonics company, saying that the deal would allow the combined entity to produce U.S.-made optical transceivers for use in AI data centers. According to the press release, Starman will pay shareholders $285 million in cash for the action camera company, amounting to $1.14 per share, and will also pay off its outstanding debt of $92 million. Despite that, current GoPro investors will retain 10% ownership of the post-merger company.
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