Shenzhen-based DJI and Insta360 compete for the top spot in the global smart camera market. In Q2, DJI accounts for 73% of the market and Insta360 for 20%, while GoPro’s share falls to 3%.
CNBC's Morning Squawk tracks market and corporate developments ahead of trading, including Dell's strong quarterly results and Stan Kroenke's planned purchase of a controlling stake in the Los Angeles Angels. U.S. and Iranian strikes push oil prices higher as bond yields rise and stocks extend their losing streak. Dell raises its fiscal 2027 forecast on AI server strength, while Palo Alto Networks beats expectations and plans to acquire AI startup Console.
GoPro announces a definitive merger with private photonics company Starman Optical and plans to expand into AI data centers and defense markets. Under the deal, shareholders will receive $285 million in cash, or $1.14 per share, and GoPro stock will remain listed on Nasdaq. The company says it will repay $92 million in debt at closing and continue supporting its consumer products, subscription and cloud platform.
Starman Optical agrees to acquire action-camera maker GoPro in an all-cash deal valued at $285 million, a 29.5% premium to GoPro’s last closing price. GoPro says on Tuesday that it is being acquired; the company reached a $4 billion market capitalization on its first trading day in 2014.