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Foxxcon acquires stake in GoPro

GoPro's tiny HD cameras are designed for extreme situations.

Foxxcon has invested $200 million in GoPro. The investment gives the world's largest electronics manufacturer a 8.8% stake in the portable HD video camera company. At the time of investment, Go Pro was valued at $2.25 billion.

Just days after its latest iOS app upgrade, this investment, GoPro says, will bring the company closer to its goal of becoming "one of the great enabling companies of our time."

Read the full press release here


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