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Rumor: Apple to Acquire GoPro
By Ian Seldrup, December 13, 2015 @ 11:30 PM (EST)
Source: Ubergizmo

Given the ubiquity of GoPro’s diminutive action cam, you could be forgiven for thinking that the company’s stock has continued soaring. But the reality, for whatever reason, is different, with shares dipping below the IPO price of $24 last month for the first time, and down more than 80 percent from their all-time high of almost $94 in October 2014. So the news that Apple might be planning to acquire GoPro has created quite a stir—and caused a 16-percent spike in the latter’s stock price.

But before you get too excited about the possibilities that might be brought about by a marriage between the planet’s foremost tech behemoth and everyone’s favorite action cam, note that this is nothing more than market analysts’ speculation at the moment. There has been no hint from either Apple or GoPro about any kind of acquisition.

There’s little doubt that Apple can afford to take GoPro under its wing. But for now, we'll all have to keep guessing when, or if, that might happen…

Read more here.

 

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