Hot on the heels that GoPro is firing up to 300 people and pulling out of the drone business is the news that the company may put itself up for sale. CNBC is reporting that the action-camera maker has enlisted the services of JPMorgan Chase to help it find a potential buyer. Earlier in the day, the outlet reported that CEO Nick Woodman would “look at” opportunities to “unite with a bigger parent company.” At this time, it’s not clear if other parties are interested or how much it would cost to swallow the brand.
Surfings First (Only?) Billionaire Looking To Sell GoPro | CEO takes pay cut from millions to $1
The story of surfings first self-made billionaire was a great one. Nick Woodman went from taping clear plastic around disposable cameras and putting them on his wrist (or something like that) to starting GoPro and rolling in money and taking boat trips to the Ments whenever he damn well pleased.
Now GoPro could be for sale and Nick’s taken a pay cut to a measly $1. Don’t feel bad for the guy though because surely he is set for life. Still an interesting look at the industry and product in general.