A little-known optical parts maker is buying GoPro for $285 million in cash, a deal that would repay the struggling action-camera maker's debt and give it more room to navigate surging memory chip prices and tough Chinese competition.
Starman Optical, a privately held firm that makes optical transceivers in the U.S. for use in AI data centers, would get a 90% stake in GoPro under the deal announced on Tuesday, with existing shareholders of the camera company owning the rest.
