On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
63° Feels Like: 63°
Wind: WSW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 66°

Tonight

Partly Cloudy 40°

Tomorrow

Partly Cloudy 61°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Foxconn buys minority stake in GoPro for $200 million

(Reuters) - Taiwanese electronics manufacturer Foxconn said on Thursday that it had bought an 8.88 percent stake in GoPro for $200 million, giving the U.S. camera maker a valuation of $2.25 billion.

Foxconn, which trades as Hone Hai Precision Industry Co, said its founder and chief executive officer, Terry Gou, would join GoPro's board.

Reuters reported in July that GoPro, which makes wearable cameras used by surfers and extreme sports enthusiasts, was planning a public offering of $300 million to $500 million next year, citing sources close to the matter.

Foxconn manufactures products such as Apple Inc's iPhone and Sony Corp's PlayStation.

(Reporting by Sinead Carew; Editing by Lisa Von Ahn)

Comments