Early today GoPro appear lay offs of up to 300 bodies and the company’s exit from the bombinate business. Now rumors the activity camera aggregation may put itself up for auction are swirling.
Earlier today, CEO Nick Woodman told CNBC GoPro it would attending at opportunities to “unite with a bigger ancestor company.” He after told Bloomberg the aggregation is not actively attractive for a buyer. He additionally denied beforehand letters that JPMorgan Chase was acceptable in award a buyer.
“I can affirm that JPMorgan is in actuality our banker, but we accept not affianced them to advice us advertise the company,” said Woodman.
“With that said, if there were any befalling for GoPro to accomplice up with a beyond alignment that could advice us calibration the company, calibration our cast and ability to consumers, again that’s absolutely article that we would consider. But, it’s not article we’re actively affianced in at the moment.”
See Also: hack telegramIf the aggregation decides to sell, it’s not anon bright who ability be interested. Despite a able start, GoPro has collapsed on adamantine times. It appear several abode of crumbling revenues as its amount business has taken a hit. An bootless attack at the bombinate business additionally aching the company’s basal line. GoPro’s antecedent appraisal was $3 billion back it went accessible in 2014. As of Monday afternoon, its bazaar cap fell to about $1 billion.
- GoPro CEO Nick Woodward said the aggregation may attending to “unite with a bigger ancestor company.”
- Woodward after denied letters that JPMorgan Chase was acceptable the aggregation in award a buyer.
- GoPro additionally appear today it was battlefront 300 bodies and departure the bombinate business.
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