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GoPro says open to sale but not actively pursuing

Reuters 

By Greg Roumeliotis and Laharee Chatterjee(Reuters) - GoPro Inc would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said on Monday, as its shares partly rebounded from earlier heavy losses.The comments followed reports by several media outlets, including Reuters, that GoPro had hired J.P. Morgan to help it with a sale process, as the one-time Wall Street favorite battles falling demand for its sports cameras and drones.The company's shares, which fell as much as 33 percent to a record low of $5.04 on Monday, recouped some of ...

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First Published: Tue, January 09 2018. 02:54 IST
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