Menu
The Avengers: Age of Ultron 3rd Trailer is Here …What to Expect?

The Avengers: Age of Ultron 3rd Trailer is Here …What to Expect?

Aston Martin DBX Electric GT Concept Stuns

Aston Martin DBX Electric GT Concept Stuns

Apple Postpones Production of 12.9-inch iPads, Says Report

Apple Postpones Production of 12.9-inch iPads, Says Report

Sony will launch Project Morpheus VR Headset in 2016

Sony Will Launch Project Morpheus VR Headset for PS4 in 2016

Apple Working on a Waterproof iPhone, Patent Applications Shows

Apple Working on a Waterproof iPhone, Patent Application Shows

Apple iPhone and iPad Manufacturer Foxconn Invests Big In Camera Maker GoPro

Dec 21 2012, 12:22pm CST | by , in News | Technology News

Apple iPhone and iPad Manufacturer Foxconn Invests Big In Camera Maker GoPro
Buy GoPro from Amazon Cyber Monday and Black Friday Now

Foxconn buys $200 million worth GoPro

Foxconn has announced that it has made a significant investment in the small digital camcorder maket GoPro. GoPro has been around for a long time and makes some of the most popular ruggedized digital cameras on the market. The scammers often used for action sports such as auto racing, mountain biking, and lots more.

Foxconn has invested $200 million in GoPro to purchase 8.88% of the company. The $200 million purchase will also get Foxconn founder and CEO Terry Gou a seat on the GoPro board. The investment made by Foxconn values GoPro at $2.25 billion.

It would be no surprise if Foxconn also gets to start building the GoPro cameras considering Foxconn's manufacturing prowess. However, that has not been confirmed. Terry Gou added, "I saw a great opportunity in investing in GoPro, not only the company's product lines but also the man who is running the company. The first time I saw Nick Woodman, I immediately knew he was an outstanding entrepreneur who has the caliber to be very successful in this business. And together with Foxconn, the outlook of this company is even brighter as we commit to helping it achieve its fullest potential."

You Might Also Like

From the Web

Read the Latest from I4U News

Comments

blog comments powered by Disqus