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GoPro considering selling itself, hires J.P. Morgan - source

Reuters 

By Greg Roumeliotis and Laharee Chatterjee(Reuters) - GoPro Inc is considering selling itself and has hired J.P. Morgan to help it with the process, a source familiar with the matter told Reuters on Monday.Earlier in the day, the company lowered its fourth-quarter revenue forecast on weak demand for cameras in the holiday season and announced its plan to exit the drone business.The action camera maker's shares, which fell as much as 33 percent to a record low of $5.04, recouped some of their losses after the sale talks were first reported by CNBC."If there are opportunities for us to unite ...

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First Published: Tue, January 09 2018. 00:40 IST
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