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Foxconn Invests $200 Million In GoPro

Posted by timothy on from the best-way-to-document-an-avalanche dept.

MojoKid writes "The initial wearable cameras [GoPro founder Nick] Woodman created to capture action shots as they happened used 35mm film, but his company's cameras have evolved into highly durable, HD vid-cams that are sought after by amateurs and extreme sports stars alike. It turns out Foxconn digs what GoPro has designed as well. The giant Taiwanese manufacturer just bought a significant stake in Woodman Labs, making Nick Woodman a billionaire in the processes. Taiwan-headquartered electronics manufacturer Foxconn (also known as Hon Hai Precision Industry Co.), purchased an 8.88% stake in Woodman Labs for $200 million, valuing the San Mateo, Calif. company at $2.25 billion."

1 of 83 comments (clear)

  1. FoxPro by game+kid · · Score: 5, Funny

    Foxconn will buy the rest of the company and accept a buyout offer from Microsoft.

    Microsoft's Visual FoxPro cameras will become all the rage.

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