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Xiaomi is reportedly interested in buying GoPro

By Cookie Monster - on 14 Apr 2018, 9:32am

Xiaomi is reportedly interested in buying GoPro

The GoPro Fusion.

Months after GoPro's CEO Nick Woodman confirmed that he is considering a sale of the company, sources told The Information that Xiaomi is interested in buying the company.

While Xiaomi has expressed interest to buy GoPro, the company is concerned about overpaying for the business. DJI was also reportedly considering a purchase, but did not proceed ahead as "it saw no value in the company".

The news of a possible Xiaomi acquisition sent GoPro's stocks to jump as much as 8.8%. A few weeks ago, GoPro announced that it is licensing camera lens and sensors to third party manufacturers. 

Source: The Information via SlashGear