GoPro Reviewing Strategic Alternatives after Down Quarter
Another weak quarterly result has the action camera maker considering a sale of the company or a merger to maximize shareholder value, CEO Nicholas Woodman revealed on its Q1 conference call. Last month, GPRO engaged defense consulting firm Oliver Wyman to investigate opportunities in the defense and aerospace industries, and the company said it had received multiple unsolicited inquiries from potential suitors, leading it to retain investment bank Houlihan Lokey to evaluate a potential sale and other strategic alternatives. Meanwhile, GPRO has ... Log in to view full article.