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Foxconn buys 9% stake in GoPro for $200 million
Hon Hai Precision, better known as Foxconn, is already the world's largest electronics manufacturer. Chances are if you've got a laptop, console or smartphone it was assembled in one of the company's many Chinese factories. The giant has also gotten quite cozy with Sharp, with an eye towards investing directly in the LCD market, though no deal has been made official. Now the company is dipping its toes in the camera business, by purchasing an 8.88-percent stake in GoPro for $200 million. GoPro is best known for its rugged shooters used by shows like MythBusters, oh, and the Engadget Show! There's not many details to report at the moment but, if you're curious, there's PR awaiting you after the break.
Continue reading Foxconn buys 9% stake in GoPro for $200 million
Filed under: Cameras
Original Link: http://www.engadget.com/2012/12/20/foxconn-buys-9-stake-in-gopro-for-200-million/
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget