pakistan
GoPro to review options, including possible sale
Key takeaways
- This comes nearly a month after the company said it had engaged consulting firm Oliver Wyman to pursue new market opportunities for its technology within the defense and aerospace markets.
- The California-based company said since then it received several unsolicited strategic inquiries, and its board has authorized it to engage a financial advisor to support a review.
- Separately on Monday, GoPro reported a wider first-quarter adjusted loss from a year ago and a decline in total revenue as hardware, subscription and service revenue fell in the quarter.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Action camera maker Go Pro said on Monday that it intends to review a range of strategic options that could include a sale of the company or a merger, sending its shares up more than 27% in after-hours trading.
This comes nearly a month after the company said it had engaged consulting firm Oliver Wyman to pursue new market opportunities for its technology within the defense and aerospace markets.
The California-based company said since then it received several unsolicited strategic inquiries, and its board has authorized it to engage a financial advisor to support a review.
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